According to the Land Registry’s monthly Market Trend Data, annual residential property prices in England and Wales increased by 7.1 and the average property value recorded £191,182.Monthly house prices have risen by 2.5% since December 2015.
Property values increased by 13.9 percent over the last 12 months in London.Wales experienced the greatest monthly growth with an increase of 3.7%.
The number of completed house sales in England and Wales fell by 2% to 72,167 compared with 73,282 in November 2014.
The number of properties sold in England and Wales for more than £1 million increased by 14% to 1,091 from 953 a year earlier.
Region Average Prices Janaury 2016
England and Wales £191,812
South East £266,603
West Midlands £144,185
South West £198,288
East Midlands £138,825
Yorkshire and Humber £124,949
North West £114,504
North East £97,117