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Britain's lodging costs expanded by 11.7% in the year to August 2014, unaltered from the year to July, as the normal property cost in London surpassed the a large portion of a million pound mark.

As indicated by the Office for National Statistics information, yearly house cost increments in England were determined a 19.6% ascent in property costs in London.

This is gigantic contrasted and the increments in the south east (12.3%) and the east of England (11.6%).

On the off chance that London was prohibited from the general count of UK house value midpoints, the hop would be at 7.8% in the 12 months to August 2014.

The normal UK house cost in August 2014 was at £274,000 (€345,052, $437,283).

 

Amid the year to August 2014, normal house costs expanded 12.2% in England, 4.7% in Wales, 6.7% in Scotland and 9.6% in Northern Ireland.

This compares to the normal property cost of £285,000 in England, £172,000 in Wales, £143,000 in Northern Ireland and £200,000 in Scotland.

In August 2014, London kept on being the English area with the most noteworthy normal house cost at £514,000 and the North East had the least normal house cost at £154,000.

London, the South East and the East every had value higher than the UK normal cost of £274,000.

photo by Reuters