The latest data and analysis from ONS/Land Registry has
revealed that average house prices in the UK have increased by 5.1% in the year
to July 2017. The annual growth rate has slowed since mid-2016 but has remained
broadly around 5% during 2017. According to the UK HPI, the average UK house
price was £226,000 in July 2017. This is £11,000 higher than in July 2016 and
£2,000 higher than last month. The main contribution to the increase in UK
house prices came from England, where house prices increased by 5.4% over the
year to July 2017, with the average price in England now £243,000. Read more on
the property reporter website.
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