House prices rose 13.2% in June to highest level since 2004: UK HPI

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House prices rose 13.2% in June to highest level since 2004: UK HPI

Average house prices increased by 13.2% over the year to June, up from 9.8% in May - the highest annual growth rate since November 2004, according to the latest UK House Price Index from the ONS. UK average house prices reached a record high of £266,000 in June 2021, which is £31,000 higher than this time last year.

Average house prices increased over the year by 13.3% in England, 16.7% in Wales, 12.0% in Scotland, and 9.0% in Northern Ireland.

The North West was the region with the highest annual house price growth, with average prices increasing by 18.6% in the year to June, up from 14.2% in May.

London continues to be the region with the lowest annual growth (6.3%) for the seventh consecutive month.

SOURCE : Property Reporter

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