UK house prices up 5.1%

19th January 2018

Data from Land Registry and the ONS shows that the average house price in the UK reached £226,000 in November, a 5.1% year-on-year increase. The increase was led by Cambridge, where values jumped 16.4%, and the West Midlands, where the average sold price was 7.2% up on a year earlier. The figures show that the London market remains sluggish, with a 2.4% increase in prices over the year representing the weakest price growth of all regions. Despite this, the £482,000 average sale price means the capital remains the UK’s most expensive region. The lowest average price was in the North East, with a typical sale value of £128,000. Across the UK, England saw average prices climb 5.3% to £243,000, Wales’s average was up 4.5% to £153,000, Scotland saw typical values rise 3.6% to £146,000, and Northern Ireland’s average price of £132,000 marked a 6% increase.

The Daily Telegraph (16/01/2018)