House price growth wnet up in July and are at a 14-month high, the government has claimed.
The Department for Communities and Local Government (DCLG) states that house prices in July are 6% higher than in July 2005.
This is by far the biggest annual increase since May 2004, four times the growth in October, when house price growth was 1.6%.
House price inflation for July was at a 14-month high.
£194,454 was the average UK house price in July 2006, £3,438 more than June and £8,247 more than July 2005.
London needless to say had the highest house prices in July, at £285,434, with the cheapest area being the north-east, averaging at £140,609.
July saw England and Scotland house price going up, with inflation dropping in Wales and Northern Ireland .
Seven English regions witnessed house price growth: Yorkshire and the Humber (8.4%), London (7.1%), the north-west (6.2%), north-east (5.8%), and the south-west (5.6%) leading the way.
The south-east (4.5%) and east (4.3%) of England fared less well, with growth in east and West Midlands being under 4%.
And with figures from August coming in from mortgage lenders and estate agents already, it looks as though prices will get stronger in the months to come.
London and the south-east have shown the strongest increases in house prices.
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DCLG States House Prices Rise Again Tue, 12 Sep 2006
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