UK average house prices increased by 0.6% over the year to February 2019, down from 1.7% in January 2018.

The increase is the lowest UK annual growth rate since September 2012.

Over the past two years, there has been a slowdown in UK house price growth, driven mainly by a slowdown in the south and east of England.

The lowest annual growth was in London, where prices fell by 3.8% over the year to February 2019, down from a decrease of 2.2% in January 2019. This was followed by the South East where prices fell 1.8% over the year.

However The North West showed the highest annual growth, with prices increasing by 4.0% in the year to February 2019, this was followed by the West Midlands (2.9%).

The average UK house price was £226,000 in February 2019. This is £1,000 higher than the same period a year ago says the Office for National Statistics





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