bubble

South West house prices rise by 2.6% as figures hit UK record high

House prices in the South West rose by an average of 2.6% in the year to August 2013 according to figures released by the Office for National Statistics (ONS).

The average price of a house or flat in the region now stands at £230,000.

The 2.6% rise is lower than the overall UK figure of 3.8% and the 4.1% for England which are both skewed by a considerable rise in London of 8.7...