According to the property website, WheresMyProperty, the average asking price for UK residential property rose in May by 1.8% compared to 1.4% in April. The rise for 2006 so far is 3.9% and the change over the last 12 months 7.2%.  The areas with the highest rises in May were Lothian (+8%), Grampian (+7.2%), Tayside (+7%), County Londonderry (+5.3%) and Essex (+5.1%).  The areas with the lowest changes were Powys (-0.1%), Dumfries and Galloway (-0.1%), Clywd (-0.9%), County Tyrone (-1.7%) and Gwynedd (-2.3%).

The UK average asking price for last month was £191,217. The average price for a detached house was £262,844, a semi-detached house £173,824, a bungalow £204,213, a terraced house £143,255 and a flat £155,944.

In London the average asking price for last month was £323,284 a rise of +0.8% compared to a rise of +2.6% in April.   The rise for 2006 so far is +8.8% and over the last 12 months +10.1%.  The areas seeing the highest changes were Kensington and Chelsea (+3.3%), City of Westminster (+3.2%), Kingston upon Thames (+3.1%), Bexley (+2.8%), Enfield (+2.6%).  The lowest changes were Haringey (0%), Ealing (-0.3%), Hackney (-0.6%), Islington (-0.6%) and the City of London (-1.4%). 

WheresMyProperty provides up to date asking price analysis for the UK and has around 900,000 property listings from 1000s of property websites.  For more information see their website at http://www.wheresmyproperty.com.