Average house price tops £274,000

House prices increased by 0.8% between November and December of last year and 10.8% year on year, according to official figures. The latest UK house price index from the Office for National Statistics showed that the average price of a property in the UK was £274,712. There was an average increase of £29,953 in London, where the average annual earnings are £34,439. The average house price in Scotland rose by 11.2%, with the average price hitting £180,000 at the end of 2021. 

City AM (16/02/2022)   Daily Mirror (16/02/2022)   The Times (16/02/2022)