Soaring house prices bring average to £169,124 in England and Wales

File photo dated 17/02/09 of a woman looking at houses for sale in an estate agents. Photo: David Cheskin/PA Wire

Annual growth of 5.6 per cent has increased the average house price in England and Wales to £169,124, recently released figures have revealed.

In a report released by the Land Registry, data has shown an annual increase of 5.6% across England and Wales - the highest in four years- but London prices are still rocketing.

Read: Half of Britons do not think they can afford to a buy a home in their local area

The data released for March 2014 shows the annual change in house prices for London is 12.4% - considerably higher than all other regions.

Consequently, the average price of a property in London is £414,490, significantly more than the national average.

Read: Bank of England warns of housing crash

Detached: £265,753

Semi-Detached: £159,684

Terraced: £126,859

Flat or masionette: £163,437

All: £169,124

File photo dated 11/06/13 of a general view of For Sale sign. Credit: Rui Vieira/PA Wire

Across the regions and Wales, there is broadly an upward trend in house prices, with only Yorkshire & The Humber and the South East registering a slight fall. but in Wales they fell by 1.6% annually to an £113,275 average.

Read: Londoners say UK needs more homes

The North East and the East saw the biggest month-on-month price rises by recording increases of 1.1%. Prices in the North East and the East stand at £99,313 and £184,980 respectively on average.

North East: £99,313

North West: £109,042

Yorkshire & The Humber: £116,993

East: £184,980

East Midlands: £127,384

West Midlands: £133,532

South East: £221,189

South West: £179,066

Wales: £113,275

The figures also show how the housing market is clawing its way back to recovery with varying degrees of success across the country.

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