UK average house prices rose by 2.2% over the year to January, to stand at an average £234,000.
But the rise, reported by the Office for National Statistics, was driven by a 5.5% rise in London and a 3% rise in the South-East.
Omitting these two regions from the data means that the average UK house price was £187,000 – a rise of 1.2% in the previous 12 months.
The average house price in Wales in January was £154,000, in Northern Ireland £130,000 and in Scotland £179,000.
In England, the North-East had the lowest house price of any region at £146,000.
The average UK house price for new dwellings in the UK in January was £223,000, compared with £235,000 for a pre-owned home. On a “seasonally adjusted basis”, despite the annual rise, UK house prices fell 0.7% between December and January.
The ONS provides one of the Government’s two official house price surveys. The other is the Land Registry, which said January house prices – excluding new homes – averaged £162,441 in England and Wales.
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Comments
No comment from BRIT1234? Nothing from dave?
Maybe they and all our HPC contributors are all out frantically buying before prices get out of hand again... ;o)