Today’s Office of national statistics latest figures are in for May 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 1.9% in the 12 months to May 2023, down from a revised 3.2% in April 2023.
The average UK house price was £286,000 in May 2023, which is £6,000 higher than 12 months ago, but £7,000 below the recent peak in September 2022.