UK House Price Growth Slows to 9.5% in September 2022admin
The annual growth rate of UK average house prices slowed to 9.5% in September 2022, down from 13.1% in August 2022.
This deceleration is due to the significant rise in house prices in September 2021, coinciding with changes to Stamp Duty Land Tax. There was no change in UK house prices between August and September 2022, leading to the slowdown in the annual percentage change.
The average house price in the UK remained at £295,000 in September 2022, representing a £26,000 increase compared to the previous year and no change from August 2022.
Average house prices also saw growth in England (£314,000 or 9.6%), Wales (£224,000 or 12.9%), Scotland (£192,000 or 7.3%), and Northern Ireland (£176,000 or 10.7%) over the year.