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Six regions hit new house price peak says ONS

The BBC today have reported that "six regions of the UK now have average house prices higher than their pre-financial crisis peak after values rose again in July, figures show.

The BBC today have reported that “six regions of the UK now have average house prices higher than their pre-financial crisis peak after values rose again in July, figures show. 

The East Midlands, West Midlands and South West of England have joined London, the East of England and the South East of England in rising above the peak of late 2007 and early 2008. 

The Office for National Statistics (ONS) said UK property prices were up 11.7% in the year to the end of July.

The biggest rise was 19.1% in London.

The figures were published as the ONS also revealed that inflation, as measured by the Consumer Prices Index, had slowed slightly to 1.5% in August from 1.6% the month before.

The ONS said that house prices in July rose by at least three times more than the inflation rate in August in every area of the UK.”

Sheffield house prices are represented within the Yorkshire and Humber region, featuring at position number 8 in the list, with average prices up by 5%.

The full list:

UK: £272,000, annual rise of 11.7%

England: £284,000, up 12%

Wales: £171,000, up 7.4%

Scotland: £198,000, up 7.6%

Northern Ireland: £139,000, up 4.5%

North East of England: £156,000, up 9.5%

North West of England: £175,000, up 7.7%

Yorkshire and the Humber: £174,000, up 5%

East Midlands: £187,000, up 7.6%

West Midlands: £198,000, up 7.3%

East of England: £282,000, up 10.6%

London: £514,000, up 19.1%

South East of England: £337,000, up 12.2%

South West of England: £246,000, up 7.1%

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