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North West Shows highest house price growth in August

Oct 20, 2017


The largest annual growth recorded in in the year to August was in the North West at 6.5% according to new data from the UK House Price Index.

This increase in the North West was followed by the South West, East of England and the East Midlands, all of which had a growth rate of 6.4% in the year to August 2017. The lowest annual growth was in London, where prices increased by 2.6% over the year. This is the 9th consecutive month where the growth in London house prices has remained below the UK average.

The North West also experienced the greatest monthly price growth with an increase of 2.3% compared to London which saw the most significant monthly price fall of 1.0%.:

The average property value in the UK has now risen to £225,956.

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