UK House Price Index continues to rise

The Office for National Statistics (ONS) has published the UK House Price Index for December 2013 showing an increase by 5.5% compared with a year earlier.  The average UK house price has now reached £250,000.  House prices grew by 5.7% in England, 4.8% in Wales, 0.5% in Scotland and 4.8% in Northern Ireland.  London continues to see the highest rise with growth in London (12.3%), the East (4.6%) and the West Midlands (4.3%).