Average UK house price stands at £274

UK house prices hit an average of £274,000 in January – an increase of £24,000 compared to the year before. Average house prices increased 9.6% over the year to January, a dip from 10% in December 2021, according to the latest official statistics. London saw the lowest annual growth at 2.2%, the Office for National Statistics house price index revealed.  “We are continuing to see strong annual growth in house prices across the UK, with the biggest rises seen in Wales, while London continues to be relatively sluggish", said ONS house prices statistician Ceri Lewis. “UK rental prices also continue to rise at a rapid pace, with their highest annual growth in over five years".

The Daily Telegraph (23/03/2022)   The Times (23/03/2022)