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%|
|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