The average UK house price increased by 5.5% in the 12 months to February 2023, slowing from 6.5% in January 2023, according to official figures.
The typical property value was £288,000 in February, which is £16,000 higher than 12 months earlier but £5,000 below a recent peak in November 2022, the Office for National Statistics (ONS) said.
