Today’s Office of National Statistics latest figures are in for April 2022. This gives a real insight into what the property market looks like in the UK. We have summarised the key statistics for an easy overview of the UK property market (below).
Property prices remain high and have risen across the UK. UK average house prices increased by 12.4% over the year to April 2022, up from 9.7% in March 2022.
The average UK house price was £281,000 in April 2022, which is £31,000 higher than this time last year.
Again we are seeing London continuing to be the region with the lowest annual growth at 7.9%
As we are heading towards Summer we could potentially see a slow down in property sales, so it will be interesting to see how the growth continues over the country the next few months.