House prices continued to edge up in August – but decelerate in London

20th October 2017

The Land Registry's official house price index has revealed UK house prices edged up 0.5% on the month in August, climbing to £225,956. On an annual basis, price growth accelerated to 5%, with the average property becoming £11,000 more expensive than in August last year. The North West was the strongest performing region, with prices rising 6.5% year-on-year, while London was the worst performing region, with prices rising just 2.6% on the year - and falling 1% between July and August. The only other regions to show falls were Scotland (down 0.7% month on month) and Wales, where prices dropped 0.1%.

The Daily Telegraph (17/10/2017)