Price growth continues
The average UK house price increased by £1,000 in May 2017, to be $10,000 or +4.7 per cent higher than a year ago at £221,000.
The gains were driven by housing in England, where the average price rose by 5 per cent over the year to £238,000.
London continues to be the most expensive market, with an average price of $481,000, while the cheapest housing is to be found in North East at an average price of £127,000.
The East of England has recorded the strongest price growth at 7.5 per cent.
Price growth in London slowed to 3 per cent on an annual basis, with the gains largely driven by the lowest deciles of the market.