House prices went uo 0.3% so the FT house price index shows in August.
The FT survey, undertaken by Academetrics is the most complete survey available in the UK. It takes into account prices at estate agents, mortgage valuations, as well as official data on sale completed .
Accordingly, house prices in England and Wales are up 5.7% compared to 12 months ago.
Within the sunny national picture, the south east and London have experienced monthly growth of 0.1%. There appear to be a forthcoming further narrowing of regional differentials later this year.
After a slow August, London annual house price growth (9.6%) is further ahead of other regions.
Much of the rest of the country is also having an annual growth rate of 5-6%, with the Midlands not so well off, experiencing growth at half that level.
Most recent figures highlight growth in Wales and the south-west catching up with London.
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FT Index Shows 0.3 Per Cent Price Rise Fri, 08 Sep 2006
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