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London drives yearly UK house price growth of 2.2pct

Posted on 20 March 2013

British house prices rose by an average 2.2pc to £234,000 in the year to January, as London’s booming property market grew still more split from the rest of the country. The headline UK price growth represented a slowing of the 3.3pc rate seen in the year to December, due to a 0.7pc monthly price fall in January alone, according to the Office for National Statistics (ONS).
Monthly movements can be volatile and the ONS said house price growth remains “relatively stable” across most of the UK. House prices are now at similar levels to mid-2008 prices, although they remain below their pre-crisis peak………………………………………..Full Article: Source


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