Today’s Office of National Statistics latest figures are in for September 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 9.5% over the year to September 2022, down from 13.1% in August 2022.
The annual percentage change slowed this month because UK house prices rose sharply in September 2021, which coincided with changes to Stamp Duty Land Tax.
The average UK house price was £ 295,000 in September 2022, which is £ 26,000 higher than this time last year.