House prices across the UK have increased by 1.2% YoY and by 0.1% MoM in May but have gone up by 3% 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 just 1% 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.
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.