The Land Registry's UK House Price Index reports that house prices rose by 15.5% year-on-year in July, compared with 7.8% in June – the highest annual inflation rate since May 2003. Other house price indicies show house price growth is beginning to slow, as higher mortgage rates and the cost of living crisis affect homebuyers. analyses what's happening to house prices and explains whether now is a good time to get on the property ladder. The Land Registry's UK House Price Index is the most reliable barometer of what's happening to house prices, as it's based on actual property sales rather than asking prices. Average house prices over timeHow do other house price indices compare?

Source: The Times September 14, 2022 19:03 UTC