The average UK house price increased by 5.5 per cent in the 12 months to February 2023, slowing from 6.5 per cent 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.
