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House prices rise by £33,000 in a year

The average house price has risen by £33,000 over the past year, according to figures from the Office for National Statistics.

That is a rise of 12.6% from October 2021 to October 2022. The annual increase in September was 9.9%.

Across the UK the average house price in October was £296,000.

But while prices rose by 0.3% across the UK in October, they fell in London, by 0.9%.

The Times (£)
The FT (£)

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