UK house prices rose 6.3 percent year-on-year

House prices in England were reported to have risen 6.3 percent in January compared to the same month a year earlier.

In the statement made by the British National Statistics (ONS), it was indicated that house prices increased by 6.3 percent annually in January, and it was recorded that average house prices in the country reached 290 thousand pounds with an increase of approximately 17 thousand pounds in the last year.

In the ONS statement, UK house rents were reported to have risen by 4.6 per cent per year, the steepest increase since 2016.

0.6 PERCENT PER MONTH

In the statement from the statistics agency, it was recorded that house prices in England decreased by 0.6 percent per month in January.

House prices decreased 0.4 percent in December 2022 compared to the previous month.

Aimee Nortn, director of ONS Housing Markets, whose assessments were included in the statement, said: “Rents continue to rise in the UK. As of February, there was the strongest annual increase in housing rents in the country since 2016. She used her statement. (AA)