House Price Index

May 19, 2015

House price index in part for March 2015.

Figures as taken from the Office for National Statistics

UK house prices increased by 9.6% in the year to March 2015, up from 7.4% in the year to February 2015.

House price annual inflation was 9.4% in England, 5.7% in Wales, 14.6% in Scotland and 7.5% in Northern Ireland. This is the highest annual increase in Scotland since July 2007.

The pace of annual house price growth increased across the majority of the UK.

Annual house price increases in England were driven by an annual increase in the East (11.4%), London (11.2%) and the South East (11.2%).

Excluding London and the South East, UK house prices increased by 8.1% in the 12 months to March 2015.

On a seasonally adjusted basis, average house prices increased by 1.1% between February and March 2015.

In March 2015, prices paid by first-time buyers were 7.8% higher on average than in March 2014. For owner-occupiers (existing owners), prices increased by 10.3% for the same period.

Details in full…. http://www.ons.gov.uk/ons/rel/hpi/house-price-index/march-2015/stb-march-2015.html

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Rightmove logo
Breaking News

Annual price fall driven by south, which could be harder hit by rumoured property taxes

The average price of property coming to the market for sale rises by 0.4% (+£1,517) this month to £370,257. However, average new seller asking prices are now 0.1% below this time last year following several months of muted price growth The dip in annual prices is driven by London and the south, as the south…
Read More →
Breaking News

Rental market cools as Zoopla records slowest annual rent increase in four years

Average rents are 2.4 per cent higher than a year ago, the lowest annual rate in four years and less than half of that recorded 12 months ago Average rents have increased by almost £80 per week over the last five years, adding up to an extra £4,100 a year for renters, resulting in affordability…
Read More →
Breaking News

Rent and run? Agents warn of new ‘Stopover Tenant’ epidemic

Nearly 1 in 3 letting agents report tenants walking away from 6–12 month tenancies – some after just a few months Experts warn rental reforms are fueling relocation-style, short-term renting Almost half of agents now advising landlords on how to manage early exits A new trend is sweeping the rental market and it’s leaving landlords…
Read More →
Breaking News

Breaking Property News 11/09/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   A ‘workplace companion that’s not just about managing buildings’ Smart Spaces has launched Space Agent, its new agentic AI-driven workplace concierge designed to transform how people manage and engage with buildings and their workplaces. Space Agent – introduced through its friendly persona, Max – is fully…
Read More →
Breaking News

Where can you still buy a home for under £150k?

Zoopla reveals Great Britain’s property bargain hotspots Just 12 per cent of all homes for sale across Great Britain are priced under £150,000 making location key for home buyers looking for a bargain In the North East, a remarkable 41 per cent of all homes for sale fall within this price range, followed by Scotland…
Read More →
Breaking News

Landlord repossessions soar as Renters’ Rights Bill looms

Landlord repossessions soar as Renters’ Rights Bill looms, with some areas seeing increase of over 2,500% The latest analysis from Dwelly, one of the UK’s leading lettings acquisition and success planning experts, shows that landlord repossessions have increased by 6.8% across England and Wales. However, in some areas of the country they have soared by…
Read More →