Pace of increase slows to 6.7% in 2015 across UK but experts warn rate still far outstrips 2% wage growth meaning housing crisis will only deepenThe price of an average home in Britain rose £18,000 last year, according to government figures that also revealed sharp regional differences in the housing market.The 6.7% pace of growth was slower than the 9% rise recorded in 2014, but far exceeded increases in wages or general inflation. The average home in the UK was valued at £288,000 at the end of the year compared with £270,000 in January 2015 and £252,000 in January 2014. Continue reading…
Source : theguardian.com
Read more…Average UK house price reaches £288,000, says ONS















