UK house prices East and South driving rises, says ONS


UK house prices: East and South driving rises, says ONS

Image caption
Prices of properties in the East of England are rising the fastest in the UK

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.

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