House prices rose by 2.3% between June 2011 and 2012, as the UK housing market remained reasonably stable.
House prices grew year-on-year in England by 2.8%, although this was offset by falls of 1.0% and 11.9% in Scotland and Northern Ireland respectively.
London experienced the largest increase in annual house prices with a rise of 6.5%, whilst the South West also saw growth of 2.3%.
The annual figures, released by the Office for National Statistics paint a different picture to those of the Royal Institution of Chartered Surveyors, which anticipates a downturn in house prices over the next few months, with nearly a quarter of surveyors reporting lower prices last month.
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