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UK houses lose more than $50,000 in value

Staff Reporter 1 minute read

The annual rate of decline of UK houses increased to 11.5 per cent in January, UK government figures revealed this week.

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The department's snapshot of the market, which is based on completed sales, said the average price of a home in the UK is now £195,724 (A$412,506), according to The Guardian.

This is 0.2 per cent higher than in December but over £26,000 (A$55,000) less than in January last year.

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UK houses lose more than $50,000 in value
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