UK average price up 1.1% in July to £226k

15th September 2017

Data from the ONS shows that house prices grew 1.1% between June and July, taking the UK average to £226,185 – up £11,000 on July 2016. The annual rate of growth matched the 5.1% seen in June, meaning year-on-year growth has remained at around 5% through 2017. England saw house prices climb by 5.4% in 12 months, hitting an average of £243,000, while Wales saw 3.1% growth, taking the typical value to £151,000. In Scotland, the average price increased by 4.8% to reach £149,000, while Northern Ireland saw a 4.4% increase deliver a £129,000 average. The slowest annual growth was in London, at 2.8%.

The Daily Telegraph (12/09/2017)