The latest UK House Price Index from the ONS and Land Registry has revealed that, across the UK, the average price of a home has have increased by 6.2% in the year to January 2017, up from 5.7% in the year to December 2016.
The most recent UK House Price Index from the ONS and Land Registry has shown that, average house prices across the UK have increased by 6.2% in the year to January 2017, up from 5.7% in the year to December 2016.
- The average UK house price was £218,000 in January 2017. This is £13,000 higher than in January 2016 and £1,000 higher than last month.
- January figure remains below the average annual house price growth seen in 2016 of 7.4%.
- The main increase in UK house prices came from England, where house prices increased by 6.5% over the year to January 2017, with the average price in England now £235,000.
- The East of England is the region which showed the highest annual growth, with prices increasing by 9.4% in the year to January 2017.
- Growth in the South East was second highest at 8.7%, followed by
- London was the third highest at 7.3%.