Average house price reaches £205,286

The UK house price inflation rate in January was 10.9% - up from 9.9% in December - and between December and January there was a rise of 2.1% in the prices index of properties bought compared with 1.1% over the same period last year. The DCLG says the rise in UK prices can be attributed to rises in average prices for detached houses (4.9%), terraced houses (2%), bungalows (1.5%) and flats (1.3%). On a country basis, the inflation rate in England rose from 8.9% in December to 9.9% in January; in Scotland the rate rose from 15.2% to 15.9%; in Wales from 9.1% to 10.2%; and in Northern Irel...