Rising house prices in London are continuing to drive annual price inflation across the property market, new figures have revealed. Annual rate of house price inflation across England and Wales hit nine per cent in July, down from 9.1 per cent in the previous month, according to the latest house price index published by the Financial Times (FT).
However removing London data from the analysis brings the annual rate of house price inflation down to 7.3 per cent, stressed the consultancy firm which compiles the figures based on existing Land Registry data.
