House prices in the England and Wales continued to rise at a faster rate in July, latest data from the Land Registry revealed Friday.
House prices rose 7.2 percent annually following 6.9 percent increase in June. The latest rise was the biggest since June 2010, when prices climbed 7.7 percent.
Month-on-month, house prices grew 1.7 percent in July, after a 0.5 percent climb in June. That equaled the increase in house prices seen in July 2009.
The average house price in England and Wales was GBP 175,653 during July.
House prices in London jumped 19.3 percent annually, making the property market in the capital considerably expensive than other regions. That was the biggest increase since February 2003, when prices surged 20.3 percent.