Average UK house price jumps by £25,000 in a year

Property values in the UK increased by 10.6% over the year to August 2021, up from 8.5% in July, according to the Office for National Statistics. The average house price was £264,000 in August 2021, £25,000 higher than the same time last year. In England, average house prices increased 9.8% over the year to £281,000, in Scotland 16.9% to £181,00, in Wales to £195,000 (a 12.5% rise) and in Northern Ireland to £153,000 (9.0%).