Published today, 16 January, the data for November shows that, on average, house prices have risen by 0.1% since October 2017. Furthermore, there was an annual price rise of 5.1%, taking the average property in the UK to £226,071.
The data for England reveals that house prices have risen by 0.1% since October 2017, with an annual price rise of 5.3%, bringing the average property value to £243,339.
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The West Midlands experienced the greatest rise in average property price over the last 12 months with an increase of 7.2%, while the North West experienced the greatest monthly price rise, (1/4%).
Elsewhere, the North East and London saw the lowest annual price rise, both up by 2.3%, with the North East recording the most significant monthly price fall (down by 1%).
According to the most up-to-date HM Land Registry sales figures available, the number of completed house sales in September 2017 fell by 14.8% to 64,812 compared with 76,114 in September 2016.
Looking at London, meanwhile, house prices have fallen by 0.9% since October 2017, while an annual price rise of 2.3% takes the average property value to £481,915.
The most up-to-date HM Land Registry sales figures available for London also revealed that the number of completed house sales in September 2017 fell by 21.5% to 6,494 compared with 8,275 in September 2016.
(JP/MH)
