Average house prices increased by 2% over the year to July, according to the latest survey by the Office for National Statistics.
It says that the average UK ‘mid-adjusted’ house price in July stood at £234,000, with annual increases driven by a 5.7% rise in London.
By contrast, Northern Ireland house prices fell by 10.9% and in Scotland by 1.1%.
Annual house prices also decreased by 1.3% in the North-West and 0.5% in the North-East.
Excluding London and the South-East, UK house prices rose by just 0.6% in the 12 months to July.
The ONS figures bear little resemblance to those of the other government ‘official’ house price survey, the Land Registry. There is a gap of £71,100 between the two sets of figures.
The Land Registry quotes £162,900 for July house prices in England and Wales, excluding Scotland and Northern Ireland, where house price falls have been heaviest.
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perhaps these people could get together with rightmove one says one thing one says another they are both like polititians, who is actually correct!