Average UK house price reaches £288,000

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 home in Britain rose £18,000 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 home in the UK was valued at £288,000 at the end