House prices in the UK rose by more than 8 percent over the last year

House prices across the UK rose by 8.1% in the year to May, bringing the value of an average property to £211,230.

On a monthly basis, prices rose by an average 1.1% between April and May.

Looking at England alone, there was an annual price increase of 8.9%, which takes the average property value to £226,807. Monthly house prices rose by 1.0% between April and May this year.

Wales showed an annual price increase of 3.6%, which takes the average property value to £142,568. Monthly house prices rose by 0.9% between April and May.

The regional data indicates that:

• London continued to experience the greatest increase in its average property value over the last 12 months with a movement of +13.6%.
• Scotland experienced the greatest monthly growth with an increase of 2.8%
• the North East saw the lowest annual price growth with an increase of 3.2%
• the North West saw the most significant monthly price fall with a movement of -0.3% in May.

The House Price Index data is provided by the Land Registry, to find out more about our property services, please phone our office to speak to one of our team on 020 8290 0333, or fill out a contact form in the link below.

http://www.judge-priestley.co.uk/site/contact/make-an-enquiry/