The average UK house price reached a record high of £296,000 in August after jumping by £36,000 annually, according to official figures. Annual house price growth slowed to 13.6%, easing from 16.0% in July, the Office for National Statistics (ONS) said. In Wales, the typical house price also hit a record high of £220,000 after increasing by 14.6% over the year. ➡️ https://t.co/wKrnFVl1os pic.twitter.com/oaZNfAYITP — Office for National Statistics (ONS) (@ONS) October 19, 2022The average house price in Northern Ireland increased by 9.6% annually, reaching £169,000. London’s average house prices remain the most expensive of any part of the UK, with a record average price of £553,000 being hit in August.

Source: The Herald October 19, 2022 15:57 UTC