Record-breaking house price growth across the UK
The UK saw a 13.2% annual increase in house prices in June earlier this year, which is the largest annual increase recorded since 2004.
The UK saw a 13.2% annual increase in house prices in June earlier this year, which is the largest annual increase recorded since 2004.
Every region across the UK experienced an annual increase in house prices this year.
The North West experienced the biggest increase of 18.6%, followed by Wales at 16.7%.
Across the South of England the South West saw an increase above the national average at 13.7%, making the average property now £294,904. Whilst the South East’s average property price has risen by 10.5% to £355,948.
London has actually seen the lowest house price growth increase at 6.3%. However the average price in London is still significantly higher than all other regions at £510,299.
If you’re thinking about moving but not sure how much your property is worth, or need some more information about your mortgage options why not take a look at our mortgage calculator to find out just how much you could borrow.
Sources: Dataloft Inform and UKHPI
