UK house price inflation increases 0.6% in April
The Office for National Statistics (ONS) released its house inflation data for the U.K. on Tuesday. The U.K. house price index increased at a seasonally adjusted rate of 0.6% in April, after a 1.1% gain in March.
On a yearly basis, the U.K. house price index increased at a seasonally adjusted rate of 8.2% in April, after a 8.5% rise in March.
The higher house price inflation England was mainly driven by an increase in prices in the East, the South East and London.
The average house price was £209,000 in April, up from £207,700 in March.