House prices rising, but London bucking the trend

In July, according to figures issued by the Construction Products Association, UK house prices rose 3.1% in annual terms, down slightly from 3.2% in June and marking the lowest annual growth since August 2013. By nation, house prices grew 3.0% in England, 4.2% in Wales and 3.2% in Scotland. According to region, annual house price increases in England were driven by rises in the North West (5.6%), followed by the South West and the West Midlands region, where prices increased 4.4%. The lowest annual growth was reported in London, where prices declined 0.7%, the lowest annual growth rate since September 2009. Overall, the average UK house price in July was £231,422. London continues to be the region with the highest average house price at £484,926, whilst the lowest average house price was in the North East at £131,505.

BWF Members can access detailed statistical information from the Construction Products Association through their Membership.

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