Economic Buzz: UK Average House Prices Increases By 13.6% On Year In August

19 Oct 2022 , 02:25 PM

UK average house prices increased by 13.6% over the year to August 2022, down from 16.0% in July 2022. Despite UK house prices increasing between July and August 2022, annual growth has slowed because of the sharp rise in house prices in August 2021 following changes in the stamp duty holiday. The average UK house price was ?296,000 in August 2022, which is ?36,000 higher than this time last year. Average house prices increased over the year to ?316,000 (14.3%) in England, to ?220,000 in Wales (14.6%), to ?195,000 in Scotland (9.7%) and to ?169,000 in Northern Ireland (9.6%).Powered by Commodity Insights