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UK House Price Growth Hits 4-Year High, Reaching an Average of 2.8 Million Yuan per Property

UK House Price Growth Hits 4-Year High, Reaching an Average of 2.8 Million Yuan per Property

UK house price growth hits a 4-year high, reaching an average of 2.8 million yuan per property. The best immigration news can be found on the WorldWay investment immigration official website.

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According to a comprehensive report from WorldWay: The UK Office for National Statistics announced that the year-on-year increase in UK house prices reached 10.5% in May, marking a 4-year high. The growth rate recorded last month was 9.9%.

The capital, London, continues to be the primary driver of rising house prices. Over the past year, house prices in London have risen by 20.1%.

With the exception of Northern Ireland, where house prices saw a slight decline, all regions in the UK showed an upward trend. Average house prices rose by 11% in England, 6.5% in Wales, and 3.6% in Scotland.

According to estimates by the UK Office for National Statistics, the average price of a house in the UK is now 262,000 pounds (approximately 2.8 million yuan).

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