House prices across the UK have increased by 1.2 % YoY and by 0.1 % MoM in May but have gone up by just 1 % YoY in England , with London seeing a YoY fall of 4.4 % . The North - West experienced the largest annual rise , at 3.4 % . The average property value in the UK is now £ ##500 ( $ 286,300 ) , with properties in Wales averaging £ ##500 and in Wales £ 159,428 . Prices in Wales fell by 3 % YoY and in Scotland they averaged 2.8 % to an average of £ 152,801 . Analysts attributed reduced growth in London to political and economic uncertainty .
House prices across the UK have increased by 1.2% YoY and by 0.1% MoM in May but have gone up by just 1% YoY in England, with London seeing a YoY fall of 4.4%. The North-West experienced the largest annual rise, at 3.4%. The average property value in the UK is now £229,431 ($286,300), with properties in London averaging £457,471 and in Wales £159,428. Prices in Wales rose by 3% YoY and in Scotland they grew 2.8% to an average of £152,801. Analysts attributed reduced growth in London to political and economic uncertainty.