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Daily Mirror
Daily Mirror
Business
Jack Abela

Will house prices drop soon Average house price in UK as affordability plummets

Property prices in the UK have generally been increasing year-on-year since 1998, with the majority of people having to wait longer to buy their first home, if at all.

The latest data on housing prices by the ONS has today been released as affordability of homes plummets amid the cost of living crisis.

But what are the average house prices in the UK? How have they changed over the last two decades? And could we see the housing market slow down in the current climate, as property website Rightmove suggests costs could soon fall.

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