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CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Wednesday, 19 July 2017

England house prices rise 5pc

Price growth continues

The average UK house price increased by £1,000 in May 2017, to be $10,000 or +4.7 per cent higher than a year ago at £221,000. 

The gains were driven by housing in England, where the average price rose by 5 per cent over the year to £238,000. 

London continues to be the most expensive market, with an average price of $481,000, while the cheapest housing is to be found in North East at an average price of £127,000. 

The East of England has recorded the strongest price growth at 7.5 per cent.

Price growth in London slowed to 3 per cent on an annual basis, with the gains largely driven by the lowest deciles of the market.