House prices increase again

21st October 2016

Figures from the Office for National Statistics indicate that house prices grew an average of 8.4% in the 12 months to August - higher than the 8% rate in the year to July and the nineteenth consecutive month of growth. House prices in the east of England grew at 13.3%, faster than the south-east and London, where the rate of growth was 12.2% and 12.1% respectively. Newham saw the strongest growth in the capital, with annual price increases of 23.7% taking the average to almost £373,000. The average UK house price was £219,000, which is £17,000 more than a year ago.

The Times (19/10/2016)   Evening Standard (19/10/2016)