UK home values continued to grow last year with prices in London topping the growth chart once again.
Overall prices in the year to December 2014 rose by 9.8 per cent, while in London there was a 13.3 per cent jump during that period, according to the ONS house price index for December.
Growth in the capital drove prices in England (up 10.2 per cent) with inflation in the South East (11.5 per cent) and the East (11.4 per cent) doing their share as well.
Wales saw a 4 per cent rise in home prices, while property inflation in Scotland and Northern Ireland reached 5.5 per cent and 4.9 per cent, respectively.
The average mix-adjusted house price in the UK was £272,000 in December 2014.
Existing owners paid more (+9.8 per cent) to buy a property than first-time buyers (+9.5 per cent).
The average mix-adjusted house price in England stood at £285,000, driven mostly by London, which remained the costliest region with an average price of £502,000.
The most affordable properties were located in Northern Ireland, with average mix-adjusted price of £142,000. Wales follows with £173,000 and Scotland properties were more expensive, at £193,000 on average.
