With everything else that's going on that affects the UK economy, you might have missed that the average price of a house in the UK hit a new high in August 2019.
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According to the latest data from the Office for National Statistics, the price of an average house in the UK rose to £234,853 in August.
This is an increase of some £3000 on a year ago and about £1,900 up on the previous month.
Every country within the United Kingdom saw average house price growth, with:
Wales seeing an increase of 4.5% to £168,000.
Scotland saw a 1.6% growth to reach £155,000
In England prices increased by 1.1% where the average house price is now £251,000
And in Northern Ireland prices rose by 3.5% over the year to Quarter two and Northern Ireland remains the cheapest UK country to buy a property with an average house price of £137,000.
But within the English regions, the picture is more mixed.
Over the year to August 2019, the North East saw the largest average house price rise of 3,3%, followed by the North West with a rise of 3.1%, then the East midlands with 2.6%, followed by the West Midlands with 2.4%, Yorkshire and the Humber with 1%, the South West with 0.9% and the East with 0.1%
Then we go into negative territory where the South East saw house price falls of 0.6% and London saw losses of 1.4%.
When looking at London in more detail, inner London has been seeing house prices falling since January 2018, while outer London's prices have been falling since about September 2018.
But inner London is se..
