The Land Registry’s June data has revealed an annual house price increase of 8.7%.
This takes the average property value in the UK to £213,927.
The figures showed that monthly house prices rose by 1.0% since May 2016. The monthly index figure for the UK was 112.2.
Sales during April 2016, the most up-to-date Land Registry figures available, show that the number of completed house sales in England fell by 33.4% to 42,938 compared with 64,467 in April 2015.
Drilling down by region, the number of completed house sales in Wales fell by 26% to 2,394 compared with 3,237 in April 2015 and the number of completed house sales in London fell by 49.7% to 4,368 compared with 8,678 in April 2015.
In England, the June data shows an annual price increase of 9.3% which takes the average property value to £229,383. Monthly house prices rose by 0.8% since May 2016.
Wales shows an annual price increase of 4.9% which takes the average property value to £145,238. Monthly house prices rose by 1.2% since May last year.
London shows an annual price increase of 12.6% which takes the average property value to £472,204. Monthly house prices rose by 0.2% since May 2016.
The East of England experienced the greatest increase in its average property value over the last 12 months with a movement of 14.3%, while the South East experienced the greatest monthly growth with an increase of 1.5%.
The North East saw the lowest annual price growth with an increase of 1.5%, and the West Midlands and the North East each saw the most significant monthly price fall with a movement of -0.2%.
