The average house price in England and Wales has continued to increase over the first five months of the year on a near straight-line basis, highlighting the strength of underlying demand and confounding all predictions of a slowing growth rate.
The latest e.surv House Price Index for England and Wales found that average price paid for a home in England and Wales in May 2022 was £373,471, up some £3,750, or 1%, on the average price paid in April.
This sets yet another new record level for England and Wales – and for the seventh time in the last eight months.
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