How real estate prices in the UK are changing in YOUR area while the numbers reveal the lowest level in six years

UK home prices are rising at their slowest pace in more than six years.

Figures released this week show that average house prices in the UK increased by only 0.6% in February compared with February, compared to 1.7% in January 2019.

This means that the average house price in the UK was £ 226,000 in February, which is £ 1,000 more than the year before.

This is the lowest annual growth rate since September 2012, when it was 0.4%, according to figures from the Office for National Statistics.

However, different parts of the country see very different images.

Average prices at Blaenau Gwent rose 16.3% year-on-year in February, the largest increase nationally.

This is the largest annual increase in the region since November 2005, when prices jumped 19.1%.

The average price of a house in Blaenau Gwent could be set to exceed £ 100,000 for the first time. With Burnley, it is one of only two regions in Britain to have crossed this threshold.

in February this year, the average was £ 97,098, compared with £ 83,495 a year earlier.

In contrast, average prices in Westminster fell 19.6% in one year to February.

This is the largest annual decline in the region since records began in January 1996.

The average price of a house in Westminster has now fallen below £ 900,000 for the first time since April 2014.

In February, it stood at £ 898,127, compared to £ 1,1 million a year earlier.

On a seasonally adjusted basis, average house prices in the United Kingdom decreased by 0.4% between January 2019 and February 2019.

Since June 2016, growth in real estate prices in the UK has slowed down, mainly due to a slowdown in the south and east of England.

London saw its prices fall 3.8% from February, following a 2.2% decline in January. Then come the South East, where prices fell by 1.8% during the year.

Housing prices in Scotland fell 0.2% in February from February, when they rose 2.4% in January, with average housing prices in Scotland now standing at £ 146,000.

Wales posted the highest growth in real estate prices, rising 4.1% year-on-year to February, with average housing prices of £ 160,000.

Next come the Northwest, where prices rose 4.0% in February, followed by the West Midlands (2.9%).

While London home prices are falling every year, the region remains the most expensive place to buy a property (£ 460,000 on average), followed by South East and East England (316,000). £ 290,000 respectively).

The North East still has the lowest average real estate price at £ 125,000 and is the only English region to have surpbaded its pre-economic economic downturn.