House Prices Rise Fastest In East Midlands

House prices in the East Midlands rose at more than three times the pace of London in the past year. Property prices in the region rose by 7% in the year to October - the fastest in the UK, the Office for National Statistics (ONS) said. The slowest house price growth over the same period was a 2.1% rise in London. However, average prices in the capital remain the highest at £481,000, compared with a UK average of £224,000, the ONS figures show. The typical UK house price rose by £10,000 compared with a year earlier, but was £1,000 lower than in September. Read more on the BBC website.