ONS latest house price index published

House Price Index, October 2015 coverage:

UK release date: 15 December 2015

Main findings

• UK house prices increased by 7.0% in the year to October 2015, up from 6.1% in the year to September 2015.

• House price annual inflation was 7.4% in England, 1.0% in Wales, 0.9% in Scotland and 10.3% in Northern Ireland.

• Annual house price increases in England were driven by an annual increase in the East (10.4%) and the South East (9.5%).

• Excluding London and the South East, UK house prices increased by 5.6% in the 12 months to October 2015.

• On a seasonally adjusted basis, average house prices increased by 0.8% between September and October 2015.

• In October 2015, prices paid by first-time buyers were 5.9% higher on average than in October 2014.

• For owner-occupiers (existing owners), prices increased by 7.4% for the same period.

• Average mix-adjusted house prices in October 2015 reached £300,000 in England and stood at £174,000 in Wales, £196,000 in Scotland and £158,000 in Northern Ireland

Average house prices in countries and regions

Average mix-adjusted house prices in October 2015 reached £300,000 in England and stood at £174,000 in Wales, £196,000 in Scotland and £158,000 in Northern Ireland (Figure 7). In October 2015, London continued to be the English region with the highest average house price at £531,000 and the North East had the lowest average house price at £158,000. London, the South East and the East all had prices higher than the UK average price of £287,000. Excluding London and the South East, the average UK mix-adjusted house price was £217,000

Extract of full report kindly shared by ONS Read the full PDF report

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