An interesting article today by our friends at Property Industry Eye earlier today:
Average house prices stood at £192,000 in January, the ONS has reported.
The figure brings annual house price inflation to 7.9%, while average house prices moved up 0.9% on a monthly basis.
The annual rise was driven by increases in the south-east of 11.7%, in London of 10.8% and in the east by 9.8%.
Excluding London and the south-east, the average UK house price was £218,000 and average UK house prices increased on an annual basis by 5.1%.
Average house prices in January stood at a record high of £306,000 in England, £174,000 in Wales, £195,000 in Scotland and £153,000 in Northern Ireland.
In London, the average house price was £551,000.
The north-east had the lowest average house price at £156,000.
For the full article click on the following link: