Average UK house prices increased by 15.5% in the year to July, up from the 7.8% increase seen in June, according to the Office for National Statistics.
It is the highest annual inflation rate seen since May 2003, reflecting how prices in the same month last year were affected by the end of the stamp duty holiday, the ONS said.
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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