Average house price rises 24% but growth remains slow in London

The average UK house price jumped by £24,000 in the year to March, the Office for National Statistics (ONS) has said. The typical property value was £278,000 in March 2022, with the annual growth rate, at 9.8%, lower than an 11.3% annual increase in February. Average house prices increased over the year in England to a record level of £298,000 - the equivalent of 9.9%. The East Midlands had the highest annual house price growth, with average prices increasing by 12.4% in the year to March. The lowest annual house price growth was in London, where average prices increased by 4.8%. However, the capital's average house prices remain the UK's most expensive, at £524,000. 

Daily Mail (18/05/2022)   Financial Times (18/05/2022)   The Independent (18/05/2022)