ONS House Price Index for Jan 16

The Office for National Statistics (ONS) House Price Index (HPI) for January 2016  has been released.

It puts annual UK house price inflation at 7.9%, with England at 8.6%, -0.3% in Wales, 0.1% in Scotland and 0.8% in Northern Ireland.

England's growth is still predominatly driven by  the South East, at 11.7%, London 10.8% and the East at 9.8%.

Excluding London and the South East, the rest of England saw annual growth of  5.1%.

The UK average mix-adjusted house price is now £292,000.

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