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House price growth in Midlands outpaces rest of the country

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    House price growth in Midlands outpaces rest of the country

    The UK's average house price has continued to climb, with East Midlands seeing the strongest growth.

    In the year to August, the price of a home in the region increased by 6.5pc, well above the national average of 3.2pc.

    The average property in the East Midlands now costs £194,718, according to figures from the Office for National Statistics.

    There was also rapid growth in the West Midlands, with prices increasing 5.14pc between August 2017 and August 2018. A house in the area now costs an average of £199,000.

    House price growth in Midlands outpaces rest of the country

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