The East of England has overtaken London as the region with the highest annual house price growth, new figures show.
The data from the Office of National Statistics revealed that in the year to June house prices in the East of England increased by 14.3% to £270,000.
In London prices rose 12.6% to £472,000, while in the South East prices rose 12.3% to £309,000. The lowest annual growth was in the North East, where prices increased by 1.5% over the year.
House prices in the capital have recently been hit economic uncertainty over the vote to leave the EU as well as various stamp duty reforms.
The average price of a property in the UK rose 8.7% in the year to June to £214,000.
England recorded the strongest annual house price growth in the UK of 9.3% over the year to £229,000, while Wales saw house prices increase by 4.9% to stand at £145,000.
In Scotland, the average price increased by 4.6% over the year to £143,000. The average price in Northern Ireland is currently £123,000.
The reporting period for the figures only covers June and therefore only includes one week’s worth of data following the referendum.
The new UK House Price Index replaces the previous House Price Indices separately published by the ONS and Land Registry.
Stuart Law, CEO at Assetz Property, said: “July’s political turmoil probably means June was just the beginning of a summer price-rise slowdown, with inner-London taking actual price falls.
“We usually expect this inner-London slowdown to spread into the surrounding areas around the capital as the top end of the London market usually has a knock-on domino effect but given the special factors around inner-London over development recently perhaps this will be limited this time.”
John Goodall, CEO and co-founder of peer-to-peer platform Landbay, said: “Brexit uncertainty alone was not enough to derail the UK housing market in June, as prices continued to rise steadily. High demand drove the uplift in prices, with mortgage lending volumes jumping 16% in June alone.
“Of course all eyes will be on next month’s figures, and early indications suggest house prices growth cooled slightly in July, but if we do see an impact of the Brexit decision it will take some time to surface.”
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what part in east of the country has gone up.