Pace of increase slows to 6.7% in 2015 across UK but experts warn rate still far outstrips 2% wage growth so housing crisis will deepenThe price of an average domestic in Britain rose £18000 last year,according to government figures that also revealed sharp regional differences in the housing market.
The 6.7% pace of growth was slower than the 9% rise recorded in 2014, but far exceeded increases in wages or general inflation. The average domestic in the UK was valued at £288000 at the cessation of the year compared with £270000 in January 2015 and £252000 in January 2014.
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Source: theguardian.com