The latest House Price Index has been released today, 15th February 2023, calculated using data from HM Land Registry.
The data shows that average UK house prices increased by 9.8% in the 12 months to December 2022. This was down from 10.6% in the 12 months to November 2022. On a seasonally adjusted basis, the average UK house price decreased by 0.2% between November and December 2022, following an increase of 0.5% in the previous month.
The average UK house price was £294,000 in December 2022, which is £26,000 higher than 12 months ago but a slight change from last month’s record high of £296,000.
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