Property prices in the U.K. rose 3.5% in the 12 months to September 2018, bringing the average home price up to £232,554 (US$302,292), according to the latest report from the government’s Land Registry released Wednesday.
U.K.-wide price gains were led by annual growth in Scotland and Wales, which each saw prices climb 5.8% in September, to £152,961 and £162,089, respectively.
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In England, home to around three quarters of the U.K.’s total real estate transactions, the average price rose 3% to £249,408, according to the index published by HM Land Registry and the U.K. government’s Office for National Statistics, along with other U.K. government statistics agencies.
The report analyzed Northern Ireland’s quarterly prices and found the average price increased 4.8% in the third quarter compared to the same period last year.
The report did not detail prices for the luxury market.
On a regional level, the largest annual growth was in the West Midlands, home to Birmingham and Coventry, where prices grew 6.1% in the year to September. In the neighboring East Midlands, prices grew 6%.
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The only area to see prices fall was London—which has been witnessing a slowdown in annual growth since mid-2016—where prices declined 0.3% in the year to September. Prices still remain the highest in the capital though, at £482,241.
Kensington and Chelsea helped mitigate any drastic declines, as prices in the borough rose 18% annually in September, pushing prices up to $1.49 million, making it the priciest borough in London.
The City of Westminster, the borough encompassing a great deal of central London’s prime areas, ranks as the city’s second most expensive borough, though prices fell 4.9% to a little under £1 million.