Residential property prices in the UK increased by 6.7%
in the 12 months to November 2016, according to the latest official data to be
published. Prices were also up 1.1% month on month, taking the average price of
a property to £217,928, the figures from the Office of National Statistics
(ONS) shows. The main contribution to the increase in UK house prices came from
England where prices increased by 7.2% over the year to an average of £234,000
and by 1% month on month. But in London prices increased by 8.1% to an average
of £481,648 and were up 1.8% compared to October 2016. Read more on Property
Wire.
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