Average UK House Price Ends Year at Record £254,822

Average UK House Price Ends Year at Record £254,822
Estate and rental agents' boards are pictured on a residential street in Hackney in East London on August 9, 2019. Daniel Leal-Olivas/AFP via Getty Images
|Updated:

The average UK house price rose by nearly £24,000 during 2021, the biggest increase ever recorded in a single year in cash terms, according to an index.

The typical price of a home reached a record high of £254,822 in December, marking a £23,902  increase over the past year, Nationwide Building Society said.