Average UK House Price Rises £17K In Year

The average house has continued to become more expensive, as the latest UK House Price Index (HPI) revealed average prices rose 8.4% in the year to August 2016. This was up from 8% in the year to July 2016 and continues the “strong growth seen since the since the end of 2013”, but referred to as representing relative stability. However, it will doubtless be a source of dismay all the same for hard-pressed first-timers looking to get a toehold on the property ladder. In hard-cash terms, the price of an average UK home had risen by £17,000 in the year to August 2016, and was £3,000 higher than the previous month, bringing the average price to £219,000 in August. Read more on Housing Excellence.