House price inflation in England and Wales reached its 3-month high in June, after easing in the previous nine months, data from the Land Registry showed Tuesday.
The house price index rose 5.4 percent year-over-year in June, faster than previous month’s 4.6 percent climb. The latest rate of inflation was the highest since March, when prices grew the same 5.4 percent.
On a monthly basis, house prices climbed 1.1 percent in June, following a 0.1 percent mere rise in the preceding month. It was the third month of climb in row.
The average price for a property was GBP 181,619 in June, increased from GBP 179,591 In May.
London logged the biggest annual increase in the average property value, up 9.2 percent in June, while Yorkshire and The Humber saw the lowest annual price increase of 1.4 percent.
The North East experienced the greatest monthly price rise with a movement of 3.0 per cent.
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