House price inflation has dominated the headlines for some time, but there are still bargains to be had!
UK house price inflation is now on the decline – though the price of the average UK home is up by 6.3% against the same point last year, this has fallen from +9.3% a month ago (ONS). According to the Office for National Statistics, the average UK house price was £290,000 in January, but there are still five regions in the UK where you can bag a great below-average price!
1. The North East has the lowest average house price in England at£163,371.
2. Homes in the North West come with an average price tag of £214,431.
3. You can snap up a home in the East Midlands for an average of £251,177.
4. The average house price in the West Midlands is £256,694.
5. Buying in Yorkshire and The Humber will set you back £207,635,on average.
At the other end of thespectrum, London’s house prices remain the highest of any region in the UK, atan average of £533,986.
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