House price growth remained strong in June, with a monthly increase of 1.6 per cent bringing the mix-adjusted average price of a home in the UK to £214,222, according to government figures.

Annual house price inflation across the UK was 12.1 per cent in the month, compared to 10.8 per cent in May, while in London prices increased by 17.5 per cent over a year, the Department for Communities and Local Government (DCLG) has revealed.

In the three months up to June, annual price growth stood at 11.3 per cent across the UK and 15.1 per cent in London.

Despite the increases in inflation across Britain, Wales saw a drop in growth from 8.5 per cent in May to 7.6 per cent in June, while Scotland's inflation rate stayed consistent at 15.6 per cent.

Market analyst Global Insight said that the house price data was "markedly stronger than expected" but stressed that the figures were not representative of the latest developments in the market.

"It must be borne in mind that the DCLG tends to provide lagging evidence on house prices, as the office calculates its index at the time when mortgages are completed," the firm said.

"The data is for June, and there is data and survey evidence available for July. Specifically, latest house price data and survey evidence from the Nationwide, Rightmove, Hometrack and the Royal Institute of Chartered Surveyors has all been softer."

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Author:  Joanne McCabe

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