Six regions of the UK have average house prices higher than the pre-financial crisis

Six regions of the UK now have average house prices higher than their pre-financial crisis peak after values rose again in July, figures show.


The East Midlands, West Midlands and South West of England have joined London, the East of England and the South East of England in rising above the peak of late 2007 and early 2008.


The Office for National Statistics (ONS) said UK property prices were up 11.7% in the year to the end of July.


The biggest rise was 19.1% in London.


The figures were published as the ONS also revealed that inflation, as measured by the Consumer Prices Index, had slowed slightly to 1.5% in August from 1.6% the month before.


The ONS said that house prices in July rose by at least three times more than the inflation rate in August in every area of the UK.