• Average asking prices across England and Wales are now at their highest point since July 2008

Headlines from home.co.UK House Price Index
 • Average asking prices across England and Wales are now at their highest point since July 2008
 • A further 0.6% rise in the last month has pushed annual house price inflation to 4.0%, the highest annualised increase since March 2008
 • All areas of the UK recorded price rises in the last month, save for Yorkshire and Scotland • Overall, the number of properties entering the market is only slightly down (-4.4%) on last year
 • The volume of new properties entering the Greater London market was 22% lower last month (vs. June 2012), fuelling an increasingly fierce rate of home price inflation (now at 9.5%)

 Price trend Summary The mix adjusted average asking price for homes in England and Wales is now £241,710, a rise of 4.0% on July 2012. Following steady monthly growth in 2013, average house prices are now at their highest level since July 2008, providing a further boost in vendor confidence. 
The regional picture remains very diverse. London prices continue to soar at more than twice the rate of any other region. Price growth is now being recorded across most areas of the UK, although the Northern regions, Wales and Scotland continue to exhibit the poorest performance.
 The worst performer over the last 12 months is the North West which experienced a price fall of 0.2%. 
The volume of new properties entering the market last month was down 4.4% overall on June 2012, although it should be noted that stock trends do vary considerably across the country. At one end of the scale, new stock in the Midlands, Yorkshire and the North East has risen compared to last year and this will serve to suppress price growth. At the other extreme, annual price rises in Greater London are being driven by a 22% fall in new stock compared to last year.

House Price by region:
Scotland June-13 Average Asking Price £162,012 Monthly % change-0.5% Annual % change 1.0%
North East June-13 Average Asking Price £153,328 Monthly % change 0.3%Annual % change 0.7%
Yorks & The Humber June-13 Average Asking Price £169,421 Monthly % change-0.2% Annual % change 0.4%
North West June-13 Average Asking Price £173,109 Monthly % change 0.1% Annual % change -0.2%
West Midlands June-13 Average Asking Price £194,123 Monthly % change 0.3% Annual % change 3.0%
East Midlands June-13 Average Asking Price £179,569 Monthly % change 0.7% Annual % change 2.4%
East June-13 Average Asking Price £256,292 Monthly % change 0.3% Annual % change 2.6%
Wales June-13 Average Asking Price £175,977 Monthly % change 0.6%Annual % change 1.2%
Greater London June-13 Average Asking Price £386,767 Monthly % change 1.5% Annual % change 9.5%
South East June-13 Average Asking Price £310,031 Monthly % change 0.5% Annual % change 4.5%
South West June-13 Average Asking Price £263,986 Monthly % change 0.5% Annual % change 3.5%
England & Wales June-13 Average Asking Price £241,710 Monthly % change 0.6%Annual % change 4.0%
Source: Home.co.uk, July 2013