Property  

Typical house price up £12k a year 

Typical house price up £12k a year 

The cost of an average home in the UK was £220,100 in April, a rise of £3,500 on the previous month, according to official data.

Office for National Statistics data showed house prices had risen £12,000 compared to the same month a year ago, despite lenders reporting a slowing housing market.

At the same time, for those who do not own their own property, the cost of renting a home rose by 1.8 per cent in a year.

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In the year to April, ONS figures showed average house prices in the UK have increased by 5.6 per cent, speeding ahead from 4.5 per cent in the year to March.

But the picture is mixed. Recent figures from Nationwide and Halifax point to the market stalling in recent months.















 

laura.miller@ft.com