The average property price in the UK rose by 0.8 per cent in July, or more than £1,100, as demand for ‘premium’ homes has continued to grow sharply.
Data from the Land Registry revealed that the average UK house price in July was £162,900, up from £161,777 the month before. It means prices are up 0.3 per cent over the course of the year. But outside of London, where prices rose by 6.5 per cent annually, only the East, South East and East Midlands witnessed any growth in house prices over the year - albeit under one per cent.
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