Annual average house price up 12.8%

UK average house prices rose by 12.8 per cent over the year to May to £283,000, £32,000 higher than the same time last year.

Figure 2 Average UK house price increased to £283,000 in May 2022

The latest data published by the Land Registry shows that the average house price in England was £302,000 (13.1 per cent increase), £212,000 in Wales (up 14.4 per cent), £188,000 in Scotland (up 11.2 per cent) and £165,000 in Northern Ireland (up 10.4 per cent).

London continues to be the region with the lowest annual growth at 8.2 per cent.

20 July 2022