Today’s Office of National Statistics latest figures are in for June 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 7.8% over the year to June 2022, down from 12.8% in May 2022.
Despite UK house prices increasing between May and June 2022, annual house price inflation has slowed due to the rises in prices seen in June 2021, which were the result of tax break changes.
The average UK house price was £286,000 in June 2022, which is £20,000 higher than this time last year.