Year-end Land Registry figures recorded the average house price in England finishing the year at £243,582, a rise of 5% for the year. Average prices in both the North West and Yorkshire & the Humber broke £150,000, with the average home in the South West now costing more than £250,000, boosted by house price growth of 7.5% during 2017, the strongest growth of all regions. London finished the year as the region experiencing the slowest rate of growth (2.5%), although this merely represents the earlier stage in the cycle that the capital perpetually finds itself in. 2018 should herald a re-aligning of other regions towards this c.2-3% annual rate of house price inflation.
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