London driving house price rises

UK house prices increased by 9.9 per cent in the financial year to April 2014, government statistics revealed today. Whilst prices are now higher than the pre-recession levels of 2008 the average figure is distorted by runaway house price inflation in London (18.9%) and to a lesser extent the South East (8.9%) and East Anglia (8.5%) . Elsewhere growth is much lower varying between Northern Ireland (2.6%) and West Midlands (6.7%).