House Price Index for October

December 16, 2015

The House price Index for October released yesterday  by the Office for National Statistics.

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 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.

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

Home and Living

Demand for wooden furniture remains strong as homeowners rediscover 1960s interiors

Experts reveal how natural materials and timeless design are bringing an overlooked vintage era back into modern homes Search interest in wooden furniture has remained consistently high over the past 12 months, peaking at its highest levels in spring 2025, as homeowners continue to prioritise natural materials and timeless design. Experts say this growing preference…
Read More →
Estate Agent Talk

UK postcode study identifies where buyers get the most space for their money

New analysis has revealed the best-value postcodes for buyers: One UK town offers FOUR times more space than the national average. The study, compiled by the experts at Sell House Fast, analysed postcodes across England and Wales to identify where buyers get the most space for their money. Where £100,000 buys the most space in…
Read More →
what is happening to house prices
Breaking News

The graduate shortage: who will value Britain’s homes in 2030?

According to RICS, the average qualified surveyor is in their mid-fifties. Couple this with new entrant numbers failing to keep pace with retirements, and the profession faces a critical skills gap at the worst possible time. Ryan Mathews, Managing Director of LRG’s Surveyors division, examines why surveying struggles to attract new talent and what needs…
Read More →
Breaking News

62% of letting agents failing to comply

The latest industry insight from The Letting Partnership has found that while Client Money Protection (CMP) is a legal requirement across the lettings sector, 62% of letting agents are failing to clearly display valid CMP certification on their website, highlighting a growing issue around how compliance is demonstrated to landlords and tenants. The Letting Partnership…
Read More →
Breaking News

UK house prices sit above pandemic market peak

The latest research from Yopa has found that, six years on from the first Covid lockdown (23rd March 2020), the average UK house price remains 1.7% above the peak reached during the pandemic property market boom, despite the more subdued market conditions seen since. Yopa analysed* average house price data at three key points in…
Read More →
how to present your property for sale
Breaking News

Energy efficient upgrades now an essential home feature

Savers with student loans put away £2k less per year towards a house deposit than those without 44 per cent of those with student loans say the debt makes it harder to be financially stable, with 41 per cent saying their repayments make it harder to save for a home Barclays Mortgage data shows the…
Read More →