UK house prices remain stable but one region sees values jump by 8% - how does your area rank?

The data revealed notable regional variations across the UK, with Northern Ireland, Wales and Scotland recording the strongest annual growth in house prices.

Northern Ireland continues to lead with the highest level of annual property price inflation at 8.1 per cent, while the South West of England shows the slowest growth at just 0.9 per cent.

Northern Ireland's property market is showing remarkable strength, with house prices now averaging £208,220.

Wales follows with the second-fastest pace of annual house price growth at 4.7 per cent, with the average house price standing at £229,079.

Scotland completes the top three nations with property prices up 4.6 per cent year-on-year in April, reaching an average of £214,011.

In England, regional performance varies significantly, with the North West showing the strongest growth at 4.1 per cent annually.

London continues to see more subdued annual house price growth of 1.3 per cent, though it remains the most expensive market in the UK with an average price tag of £543,346.

The market has remained remarkably stable over the last six months, with prices down by just £48 overall.

Here's a complete breakdown of annual house price growth across UK regions and nations:

• Northern Ireland: +8.1%, average price £208,220
• Wales: +4.7%, average price £229,079
• Scotland: +4.6%, average price £214,011
• North West England: +4.1%, average price £240,975
• London: +1.3%, average price £543,346
• South West England: +0.9%, average price £304,451

Mortgage rates are continuing to fall, and most lenders are now offering rates below four per cent, helping to improve affordability for many buyers despite the challenging economic environment.

Head of Mortgages at Halifax Amanda Bryden said: "UK house prices rose by +0.3 per cent in April, an increase of just under £900. The annual growth rate also ticked up to +3.2 per cent, reaching its highest level so far this year. The typical UK property is now valued at £297,781.

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"We know the stamp duty changes prompted a surge in transactions in the early part of this year, as buyers rushed to beat the tax-rise deadline. However, this didn't lead to a significant increase in property prices, with the last six months characterised by a stability in prices rarely seen since the pandemic. While the market has cooled slightly since this rush, buyer activity remains strong in comparison to recent years.

"Mortgage rates have continued to fall, with most lenders now offering rates below four per cent. Coupled with positive earnings growth that has outpaced broader inflation, these factors have helped to steadily improve affordability for many buyers.

"Overall, the market continues to show resilience despite a subdued economic environment and risks from geopolitical developments.

"There is likely to be a bump-up in consumer price inflation as household bills increase, but with further base rate cuts also expected, we anticipate a similar trend of modest price growth this year."