Average UK house prices increased by 7.5% in the year to January 2021, according to the latest House Price Index by the Office for National Statistics (ONS).
Prices rose by the greatest margin in Wales, increasing by 9.6% to £179,000, this was followed by England, where prices rose by 7.5% to £267,000.
Prices in Scotland increased by 6.9% to £164,000, and in Northern Ireland to £148,000, up 5.3%.
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The North West was the English region, which saw the highest annual growth in average house prices up 12.0%.
In contrast, the West Midlands noted the lowest at 4.7%.
Tahir Farooqui, chief executive of Canopy, said: “With a further increase to house prices comes an even bigger gap between hopeful first-time buyers and their new home.
“While the government is promoting a range of incentives such as 95% mortgages and a tapered end
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