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Government reveals rise in average house prices

House prices rose slightly in July, according to the Department for Communities and Local Government.

Average house prices stood at 194,454, up from 191,016 in June. UK annual house price inflation was 6 per cent, up from 5.3 per cent the month before.

Annual house price inflation in London was 7.1 per cent in July, up from 5.5 per cent in June. The UK annual house price inflation rate for the 3 months to July was 5.7 per cent, and 6.6 per cent in London.

In the home countries in June, England and Scotland saw increases in inflation, while inflation fell in Wales and Northern Ireland. The inflation rate in England rose from 4.6 per cent in June to 5.5 per cent in July.

The inflation rate in Scotland rose from 8.9 per cent to 9.3 per cent. In Northern Ireland, the rate fell from 19.1 per cent to 18.3 per cent. In Wales, it fell from 8.5 per cent to 7.4 per cent.

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