Average hit a new record high of 拢211,000 in the West Midlands November after leaping by 7.1 per cent over the previous year, according to official figures.
Property value growth in the region kept pace with the 海角视频 average, according to the Office for National Statistics (ONS), by reaching a new peak.
The ONS report said that the 7.7 per cent annual rate of price growth seen across the 海角视频 was the fastest annual increase seen since March 2015. It said that property values were continuing to 鈥済row strongly鈥.
The report said: 鈥淯pward price pressures may be a result of a shortage of supply and strengthening demand in the housing market.鈥
The typical price paid for a home by someone taking their first step on the property ladder in November was 拢221,000.
In the recent Autumn Statement, Chancellor George Osborne announced a three percentage point stamp duty hike for buy-to-let investors, which is set to come into force from April.
Brian Murphy, head of lending at Mortgage Advice Bureau (MAB), said: 鈥淭he heat is set to rise in the buy-to-let and second home market in the short-term, as buyers rush to complete before the changes to stamp duty kick in in April.
鈥淚n the long-term, the dearth of properties available combined with rampant demand means house price growth isn鈥檛 likely to slow any time soon. This creates clear affordability concerns for first-time buyers.鈥
Howard Archer, chief 海角视频 and European economist for IHS Global Insight, said the ONS figures 鈥渞einforce our belief that house prices will see solid increases over the coming months鈥.
Mr Archer, who expects 海角视频 house prices to increase by around six per cent across 2016, said: 鈥淚t remains to be seen how the Chancellor鈥檚 measures in the Autumn Statement affect the housing market.
鈥淚n the near term, it is very possible that the decision to impose a three per cent surcharge on stamp duty on purchases of buy-to-let properties and second homes from April 2016 will lead to an increase in housing demand and exert upward pressure on prices as prospective buyers look to beat the increase.
鈥淔urther out, the move could modestly dilute housing market activity and upward pressure on prices.鈥
