•In the 12 months to May 2012 UK house prices increased by 2.3 per cent. This continues the pattern seen since May 2010, with house prices relatively stable across most of the UK although falling in Northern Ireland •The year-on-year increase reflected growth of 2.6 per cent in England and 3.5 per cent in Wales, which was offset by declines in Scotland and Northern Ireland of 1.0 and 10.3 per cent respectively •Annual house price increases in England were driven by a 7.2 per cent rise in London as well as increases in the South East and East Midlands of 3.4 and 2.3 per cent respectively. The largest decreases in ... (full story)