London sales dominate house price growth

House prices in England and Wales increased by 0.2 per cent in the month, raising the average price to £182,914.

Figures from the Land Registry report that London continues to lead the rest of the country in terms of house price growth with an increase of 1.5 per cent for the month, taking the average London house price in August to £349,838.

The annual change in house prices is 9.4 per cent for England and Wales. In London, the figure is 16.7 per cent, showing that for the fifth month in a row the rate of increase for London house prices is over six per cent greater than that of England and Wales as a whole.

Region Average price (£)
London - £349,838
North West - £137,871
South East - £227,667
Yorkshire & The - £145,583
Humber
West Midlands - £153,247
East - £192,457
South West - £194,100
Wales - £140,611
North East - £128,758
East Midlands - £144,945

Average prices by August 2007 August 2006 Difference (%)
property type (England
and Wales)
Detached £274,657 £255,612 7.5
Semi-detached £171,330 £157,946 8.5
Terraced £142,978 £130,260 9.8
Flat/maisonette £172,948 £156,493 10.5
All £182,914 £167,215 9.4