House prices increased again in the 12 months to January, albeit at a reduced rate compared with a month earlier, the latest Office for National Statistics figures show.
The average price of a residential property increased by 9.6% in the year to January, down from 10% in the year to December.
The average price of a home now stands at £274,000, which is £24,000 higher than at the corresponding period last year.
House price inflation remains at high levels despite the cost-of-living crisis and mortgage rates increasing.
Read the full article on Property Industry Eye | MARCH 24, 2022 | MARC DA SILVA
Estate Agents
Comments