According to the latest Land Registry House Price Data, UK house prices increased by 2.2% in the year to November 2019, up from 1.3% in October 2019.
House price growth was strongest in Wales where prices increased by 7.8% over the year. Wales has experienced record annual growth to November 2019.
The lowest annual growth was in East of England, where prices fell by 0.7% over the year to November 2019, followed by London where prices increased by 0.2% over the year.
Wales shows, on average, house prices have risen by 3.5% since October 2019. An annual price rise of 7.8% takes the average property value to £172,574.
The average price for a property in Wales was £172,574, up from £160,158. Detached properties rose by 7.3% to an average of £241,953; semi-detached by 8.4% to an average of £167,517, terraced houses by 7.6% to an average of £124,216 and flats up 7.8% to an average of £172,574.
In England the November data shows, on average, house prices have risen by 0.3% since October 2019. The annual price rise of 1.7% takes the average property value to £251,222.
The regional data for England indicates that:
• the West Midlands experienced the greatest monthly price rise, up by 1.7%
• Yorkshire and The Humber saw the most significant monthly price fall, down by 1%
• the West Midlands experienced the greatest annual price rise, up by 4%
• East of England saw the largest annual price fall, down by 0.7%
London shows, on average, house prices have fallen by 0.5% since October 2019. An annual price rise of 0.2% takes the average property value to £475,458.
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