East Midlands property price increase second highest in the UK

The UK House Price Index (HPI) June figures released today (August 15) show the East Midlands has the second highest average property price increase in the UK. The average property price was £182,166. 

The regional data indicates that:

  • the East of England experienced the greatest increase in average property price over the last 12 months, with a movement of 7.2%
  • Yorkshire and the Humber experienced the greatest monthly price growth with an increase of 2.2%
  • the North East saw the lowest annual price growth with an increase of 2.5%
  • London saw the most significant monthly price fall of 0.7%
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The national data shows:

  • in England, an annual price increase of 5.2% which takes the average property value to £240,325. Monthly house prices have risen by 0.8% since May 2017
  • in Wales, an annual price increase of 3.6% which takes the average property value to £151,672. Monthly house prices have risen by 2.9% since May 2017
  • in London shows an annual price increase of 2.9% which takes the average property value to £481,556. Monthly house prices have fallen by 0.7% since May 2017
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