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Manchester Evening News

National

Phoebe Jobling

House prices climb in January - but warning that the property market could slow later this year

United Kingdom Nationwide

The UK property market has witnessed a strong start to the year, with the fastest house price growth since 2005.

According to Nationwide's house price index, house prices rose annually by 11.2% in January 2022, up from 10.4% in December 2021.

As of last month, the average price of a property in the UK was £255,556, which increased by 0.8% from £254,822 in December.

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