House prices lifted by 13.6% in the year to August, valuing the average UK property at £295,903, according to the latest Land Registry House Price Index. 

Average home prices across the country increased 0.9% over the month from July. 

In England, house prices rose 1% in the month to August and 14.3% annually taking the average property price to £315,965. 

While in London, house prices lifted 0.9% in the month to August and rose 8.3% annually taking the average property price to £552,755. 

In Wales, house prices edged 0.2% higher in the month to August and rose 14.6% over the year taking the average property price to £220,059. 

Across England, the East Midlands posted the greatest monthly rise with an increase of 2.3%, while the West Midlands saw the lowest monthly price growth, with a fall of 0.2%. 

The South West reported the greatest annual price rise, up by 17%, while the capital’s annual rise of 8.3% was the lowest in England.