Annual house price growth slows in most regions

Regional House Price Index

The latest regional report shows that all regions saw annual price rises in 2014. London remains the top performer with prices up 17.8% year-on-year, whist Wales was the weakest performing region with prices up 1.4% compared to Q4 2013.

Robert Gardner, Nationwide's Chief Economist, commented: “All regions except the North of England saw a slowing in annual price growth in the final quarter of 2014, although all saw price growth over the year overall. Across the UK as a whole, prices rose by 1.1% over the quarter, after allowing for seasonal effects. Prices were up 8.3% compared with Q4 2013."

UK Fact File
Average UK House Price £189,002
Annual percentage change 8.3%
Quarterly Change* 1.1%
Most expensive region London
Least expensive region N Ireland
Strongest annual price change London
Weakest annual price change Wales

*Seasonally adjusted figure (note that quarterly % changes are revised when seasonal adjustment factors are re-estimated)

Please note that these figures are for the three months to December, therefore will show a different UK average price and annual percentage change to our monthly house price report.

Read the full report here