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UK House Price Index: January 2023
Average UK house prices increased by 6.3% in the 12 months to January 2023, down from 9.3% in December 2022. The average UK house price was £290,000 in January 2023, which is £17,000 higher than 12 months ago. Average house prices increased over the 12 months to £310,000 (6.9%) in England, £217,000 in Wales (5.8%), £185,000 in Scotland (1.0%) and £175,000 in Northern Ireland (10.2%). Scotland's annual house price inflation has generally been slowing since the recent peak of 13.8% in the 12 months to April 2022, slowing to 1.0% in the 12 months to January 2023. The North East saw the highest annual percentage ... (full story)