Today’s Office of National Statistics latest figures are in for December 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).
UK average house prices increased by 9.8% over the year to December 2022, down from 10.6% in November 2022.
The average UK house price was £294,000 in December 2022, which is £26,000 higher than this time last year, but down slightly from 12 months ago but a slight change from last month’s record high of £296,000.