In the 12 months to August 2018, English house prices increased 2.9%, with the average home now costing just under £¼m.
Prime London rents experience significant upward pressure
Latest data recorded a notable uptick in house price inflation in the spring months.
Average English house prices fell 0.3% during March 2018 with 56% of English Local Authorities recording month-on-month price falls during the month.
Nationally, prices continue to show signs of slight cooling, with annual rates of house price inflation for England in January2018 coming in at 4.6%, compared with 5.1% for January 2017.
Property in the South West of England experiences the greatest rate of house price inflation during 2017
English house prices now above 2007/2008 peak in all but one region