In the 12 months to February 2013 UK house prices increased by 1.9%, down from a 2.2% increase in the 12 months to January 2013, according to data from the Office for National Statistics (ONS).

House price growth remains relatively stable across most of the UK, although prices in London are increasing and prices in Northern Ireland are falling.

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The year-on-year increase reflected growth of 2.1% in England and 4.1% in Wales, which were offset by declines of 1.2% in Scotland and 7.7% in Northern Ireland.

Annual house price increases in England were driven by a 5.9% rise in London and a 2.4% increase in the North East.

Excluding London and the South East, UK house prices increased by 0.6% in the 12 months to February 2013.

(CD/H)