UK house prices: East and South driving rises, says ONS
House prices continued to rise strongly following the Brexit vote – driven by increases in eastern and southern England, official figures show.
The annual rise in UK property prices accelerated to 8.4% in August, said the Office for National Statistics (ONS).
The fastest growth was a 13.3% rise in the East of England, followed by rises of 12.2% in the South East of England and 12.1% in London.
The gap in prices between regions is widening, the data shows.
On a local level, the most expensive homes were found in the London borough of Kensington and Chelsea, where the cost of an average house was £1.3m.
The cheapest areas to purchase a property were Burnley and Blaenau Gwent, where an average home cost £77,000.