Average UK house price 30 per cent up on 2007 market peak

The average price of a home in the UK has risen to a new high of £230,700, up 30 per cent on the 2007 market peak.

Since June of last year, the average price has risen by 5.4 per cent, more than double the year on year price growth recorded 12 months ago, when annual house price inflation was tracking at +2.2%.

Pricing is being supported by a shortage of homes in the country, with the volume of homes for sale in the first half of 2021 down 25 per cent on the same period in 2020.

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