UK house price growth slows to 7.6%, says ONS

houses in Edinburgh Image copyright Thinkstock

Growth in UK house prices slowed in the year to February, according to the Office for National Statistics (ONS).

The annual rate slowed to 7.6% compared with 7.9% in the year to January, the ONS said.

Price increases were particularly strong in the East and South West of England, where the ONS index reached a record high.

Scotland remained the weakest part of the country, with prices falling by 0.8% over the 12 month period.

The average cost of a house or flat is now £283,658, according to the ONS.

ONS House Prices: Year to February 2016
Nation % change
England +8.2%
Wales +2.8%
Scotland - 0.8%
Northern Ireland + 2.4%

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