Today’s Office of national statistics latest figures are in for February 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).
UK average house prices increased by 5.5% over the year to February 2023, down from 6.5% in January 2023.
The average UK house price was £288,000 in February 2023, which is £16,000 higher than 12 months ago, but £5,000 below the recent peak in November 2022.