Today’s office of national statistics latest figures are in for July 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 0.6% in the 12 months to July 2023 (provisional estimate), down from a revised 1.9% in June 2023.
The average UK house price was £290,000 in July 2023, which is £2,000 higher than 12 months ago, but £2,000 below the recent peak in November 2022.