Wednesday, 16 July 2014

ONS: House Price Inflation Hits 10.5%

According to the Office for National Statistics (ONS), house price increase across the UK hit the highest rate in four years as it reached 10.5 percent in May. 

A percent sign.

It has been said that the average price of a home in the UK has now gone up to £262,000.

Inflation rose by 0.6 percent on the previous month which was greatly driven by a record increase of 20.1 percent in London.

In other areas of England, the South East house prices leaped by 9.6 percent and 8.6 percent in the East.

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