UK house price growth slows in February
Data from the Office for National Statistics showed the average house price was £218,000, up £12,000 from the same month last year and £2,000 higher than in January.
Prices in England saw the biggest increase, up 6.3% over the year to February, with the average price now standing at £234,000.
In Wales, house prices were up 1.8% over the last 12 months to £145,000, while the average price in Scotland rose by 3.1% to £139,000.
In Northern Ireland, house prices were up 5.7% to £125,000.
London continued to be the region with the highest average house price, at £475,000, followed by the South East and the East of England, at £312,000 and £282,000, respectively.
The lowest prices were seen in the North East, with the average there at £124,000.
The East of England showed the highest annual growth, with prices up 10.3% in the year to February, while growth in the East Midlands was second highest at 7.5%. ■