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House price growth increased across the UK in first weeks of 2017

March 21, 2017Article by Chelsea Battle

Average house prices in the UK increased by 6.2% in the 12 months to January 2017, up from 5.7% in the year to December 2016, according to the latest official figures to be published.

The average UK house price was £218,000 in January, some £13,000 higher than in January 2016 and £1,000 higher than December 2016, the data published by the Office of National Statistics also shows.

Overall the figures show that the strong growth in the housing market, which began at the end of 2013, is continuing. But the average annual price growth is still below the average of 7.4% seen in 2016

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