ONS Reveals Fifth Month of Average House Price Increase as Buyer Demand Grows

In a snapshot of the housing market for June, the Office for National Statistics (ONS) revealed the average house price grew by 2.7% to £288,000. This is the fifth month in a row in which there was an increase in the average house price. While the ONS data is released later than other housing market reports, it covers completed sales and is considered the more accurate insight to the market. The average house price increase from May to June amounted to 0.5%.