BREXIT BOOST: House prices jump 8.5 per cent shaking off EU Referendum fears
HOUSE prices continued jump by thousands of pounds in the months following the vote to leave the European Union (EU), in yet more proof Brexit doomsayers were wrong.
House prices continue to soar
Values increased by 8.4 per cent in the year to August, up from eight per cent in July, official data from the Office for National Statistics (ONS) showed.
The average UK house price now stands at £219,000- an increase of £17,000 from August last year.
Between July and August, values surged by £3,000, according to the ONS.
Prices remain highest in London at a typical £489,000.
But growth is now strongest in the East of England with values surging by 13.3 per cent year on year, compared to 12.1 per cent in the capital.
George Osborne and David Cameron were among the Remain campaigners who had warned house prices would fall if Britain were to vote to Leave.
House prices are expected to remain strong in the coming months amid a supply shortage continues and strong demand.