Today’s office of national statistics latest figures are in for August 2023. 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).
Average UK house prices increased by 0.2% in the 12 months to August 2023 (provisional estimate), down from 0.7% (revised estimate) in July 2023.
The average UK house price was £291,000 in August 2023, which was little changed from 12 months ago, but £9,000 above the recent low point in March 2023.