The growth of English house prices is slowing. However, both Scotland and Northern Ireland are house prices heading for boom periods, according to new figures. National

expected house prices in Scotland and Northern Ireland are increasingly becoming displaced from the trends in England and Wales, countries have witnessed of housing prices much faster growth over the year, increasing the need for more mortgages.

House prices in Northern Ireland increased five times faster than the UK average over the past 12 months, while the last quarter inflation in house prices in Northern Ireland will exceed the UK average of ten times. Scotland has also seen house price growth above the UK average.

Scottish and Northern Irish housing markets are booming and, as their governments have become increasingly decentralized in the UK, concluded Fionnuala Earley, group economist at the national level.

Meanwhile, in England, the South has returned to its position as a center of growth in housing prices.

House price inflation in the south of England has already surpassed the goal for the third quarter. This follows a long period in which South trailed as buyers appeared to reach the limit of affordability.

London is once again the city with the fastest growth in house prices, with inflation dampening in northern cities. National reports that this is also having an effect around the capital.

There is a clear pattern of acceleration in the growth of housing prices in the south in the regions closest to London, compared with last year. At the same time there is a clear slowdown in all regions of the north, concluded Ms Earley.

According to quarterly national index of home prices, prices across the UK fell sharply in the second quarter from 2.2 percent to 0.9 percent. However, annual growth has remained stable.

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