House prices have soared across the UK with Wales remaining the strongest performing area, with annual house price growth of 13.8per cent, taking the average property price there to £207,184. The figures across the whole of the UK show a 10.8 per cent annual rate of house price growth, the strongest since June 2007.
The increase took the average house price across the UK to a new record high of £278,123. Property values increased by 0.5 per cent month-on-month.
The South West of England also recorded a strong annual house price gain of 13.4per cent. Northern Ireland also recorded strong price growth, with prices up 13.1per cent on a year earlier, taking the average property value in February to £173,911.
