Yorkshire prices show a slow rise
THE average UK house price has hit £250,000 for the first time, according to the Office for National Statistics.
The ONS says house prices are now 1.6% higher than in the pre-financial crisis peak in January 2008.
Average house prices increased in all nine English regions in 2013. The largest increase was in London, 12.3%, followed by the East, 4.6%, and West Midlands, 4.3%. London house prices are increasing at more than double the rate of the UK average, which was 5.5%. Excluding London and the South East, UK house prices increased by 3.1%.
In Yorkshire, prices increased by 1.8%, which was the slowest rate of growth apart from Scotland, where prices rose by 0.5%.