UK house price inflation falls to 8.3%

The ONS have released their official UK HPI for July.

The government's ONS data puts the average annual UK house price growth at 8.3%. This rate is down from the 9.7% seen a month earlier for June 2016.

The average UK house price is now £217,000, up by £17,000 over the course of 12 months, and £1,000 over the month.

England saw the strongest rise, with average annual price growth at 9.1%. The average property in England is now £233,000. 

In comparison, Wales grew by 4.0% and now stands at £145,000, Scotland grew by 3.4% to £144,000 and Northern Ireland's average stands at £123,000.

UK House price inflation falls to 8.3% in July, says ONS https://t.co/qFUuRUpwxC

— BBC Business (@BBCBusiness) September 13, 2016

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