Latest data from the UK House Price Index (UK HPI) shows house price inflation cooling slightly in August, with 34% of England’s 325 Local Authorities recording monthly price falls. Overall, in the 12 months to August 2018, English house prices increased 2.9%, with the average home now costing just under £¼m. Regionally, the Midlands continues to record 5%+ year-on-year growth, while Southern English regions are all in the sub-3% club. At an even-more focused geographical level, five Local Authorities are presently experiencing annual house price inflation rates of over 10%. The five (Forest of Dean, Derbyshire Dales, Blaby, Newcastle-under-Lyme and North Warwickshire) are all clustered in a relatively small area situated in the very centre of the country and are, generally speaking, rural locations.
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