House prices in England and Wales increased by 0.9 per cent in January, according to the latest monthly figures from Land Registry, taking the average house price to £186,045.
However, annual house price inflation slowed to 6.4%, from 6.7 per cent in December.
The largest monthly growth was seen in the North West with an increase of 2.0 per cent, taking the average house price there to £139,362.
London saw annual price growth of 13.1 per cent, with the average house price for January standing at £357,976.
The volume of transactions was down on the same period last year, with an average of 100,648 per month in the months August to November 2007, compared with 117,173 per month from August to November 2006.
Filed under: Property
