April 2023 data from the HM Land Registry (HMLR) indicates that average UK house prices increased by 3.5% in the year to April 2023, down from 4.1% in the previous 12 months, and significantly below the recent peak annual inflation of 14.2% in July 2022.
The average house price in the UK now stands at £286,000, a £9,000 increase from a year ago, but £7,000 lower than the peak recorded in September 2022. Experts comment:
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Link to Original Article: The Intermediary Magazine - UK house price growth slowed in April, average price at £286,000