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.

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