UK house prices up 8.5% since last year

15th July 2016

UK house prices rose by 1.8% during the second quarter of this year, bringing the average cost of a UK property to a record £215,582 from £211,868 in the first quarter, according to the Halifax House Price Index, which said prices were up 8.5% compared to the same period one year ago, marking the slowest annual growth recorded since the third quarter of last year. London prices are now almost four times the average price paid in the area of the UK with the lowest house value, currently Northern Ireland at £119,000, and the average price in the capital currently just under £450,000.

City AM (13/07/2016)    Evening Standard (13/07/2016)