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.
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.
Flat or masionette: £163,437
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.
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 Midlands: £127,384
West Midlands: £133,532
South East: £221,189
South West: £179,066