Semi-detached homes see biggest increase

Semi-detached homes see biggest increase
Semi-detached houses showed the biggest increase, rising by 5.3% in the year to April 2018 to £215,000.

Semi-detached homes have seen the biggest increase in all property types, rising by 5.3% this year, according to the latest report by the ONS. The property type with the smallest increase was flats, with the average price increasing by 1.0%

The average UK house price was £227,000 in April 2018, £9,000 higher than the same time last year and £3,000 higher than last month.

House prices in England increased by 3.7% over the last 12 months, with the average price now standing at £244,000. Wales saw house prices increase by 4.4% to £156,000 with Scotland seeing a price increase of 5.6% to £149,000. The average price in Northern Ireland currently stands at £130,000, an increase of 4.2% over the year.

Average house price 2005-2018

South West has highest annual growth

The lowest annual growth was in London, where prices increased by 1.0% over the year. London has shown a general slowdown in its annual growth rate since mid-2016. However, London still has the highest average house price at £485,000.

The South West showed the highest annual growth, with prices increasing by 6.1% in the year to April 2018, followed by the West Midlands with a 5.9% increase.