Regions split from London on house price inflation - ODPM

The latest bout of monthly house price inflation means a £189,939 price tag on average across England, against the UK average for first time buyers of £143,270. London has not faced deflation, but increases have slowed for the third month in a row according to figures gathered from some 50 lenders. Annualised inflation averaged across the country rose to 14.3% in July from 13.9% in June, the ODPM says. In London, inflation fell to 8.4% from 11.8%. Elsewhere, inflation remains robust, with house prices up more than 30% in Wales over the year period covered by the survey, while pr...