UK house price growth picking up, says ONS

13th April 2017

House price growth across the UK picked up in February, according to the Office for National Statistics (ONS), with prices up 5.8% in the year to February – an increase on January’s 5.3%. The annual increase is slower than the average growth of 7.3% seen in 2016. The ONS figures, which include cash sales, show that the average price of a property has risen to a record high of £217,502. England saw its average price climb 6.3% in the year, while in London they rose by 3.7% in the year to February, the slowest annual rate since April 2012. The data also reveals that the average first-time buyer is paying £183,857 for their home - up 7.3% on a year ago.

Daily Mail (11/04/2017)