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.
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)