UK house prices increased at the highest annual rate since May 2003 in the year to July, the latest data from the Office for National Statistics (ONS) has revealed.
Annual house price growth in July was 15.5%, up from 7.8% in June, marking the biggest increase in 19 years.
The average UK house price was £292,000 in July 2022, which is £39,000 higher than this time last year.
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