Property owners will be disappointed to hear the value of their homes have only increased marginally over the last 12 months.

According to the HM Land Registry House Price Index, the typical price of a property in the UK was £232,710 in July 2019. This represents a 0.5 per cent rise from the month before, and a 0.7 per cent increase from July 2018.

The official statement read: “This is the lowest annual growth rate for the UK since September 2012, when house prices increased by 0.4 per cent.”

It is also strikingly low considering UK house prices grew by 1.4 per cent between June 2018 and 2019.

The north-east suffered the most, with property values in this region dropping by 2.9 per cent between July 2018 and 2019. This was followed by the south-east, which saw prices decline by two per cent over the year.

London was also a major factor in limiting the annual house price rise, with properties here falling in value by 1.4 per cent over the 12-month period.

These statistics could tempt more homeowners to take action to boost their property values by making some improvements to their residence.

For instance, they could install a stylish electric fire that would appeal to more homebuyers when they put the property on the market, not only for its stylish looks but also for keeping the house warmer during the colder months.

Simple changes such as these can make a home stand out from the others when selling, helping vendors to achieve their asking price instead of having to lower it due to ailing market conditions.