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

Breaking News

Breaking Property News 18/5/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Labour’s flagship social housing provider Vistry flounders   For the past 18 months, Labour’s housing strategy has been built around one central promise: accelerate delivery, unlock planning, and hit ambitious housebuilding targets through large-scale partnerships between government, housing associations and major developers. But the…
Read More →
Breaking News

UK’s most affordable locations for first-time buyers

New Lloyds research reveals the most affordable places in the UK for first time -buyers • East Ayrshire tops the list, with average first -time buyer prices below £150,000 • Blackpool, Merthyr Tydfil and Mid and East Antrim also rank among the most affordable • Average first -time buyer age is 32 – but falls…
Read More →
Breaking News

House prices trending into negative territory for just second time in a decade

The latest research by Yopa has revealed that average monthly house price growth across Britain has slipped into negative territory in 2026, marking only the second time this has happened over the last decade. Yopa analysed the average monthly rate of house price growth across Britain, England, Wales and Scotland between 2016 and 2026 so…
Read More →
Breaking News

Homesellers face months of delays

The latest market analysis from House Buyer Bureau has revealed that home sellers in some parts of the country are facing Local Authority search waiting times of more than 90 days, with growing legal bottlenecks increasingly putting transactions at risk before they reach the finish line.   House Buyer Bureau analysed the latest Local Authority…
Read More →
Breaking News

Breaking Property News 14/5/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The art of getting noticed as a recruiter in a world noisy with AI Why personal branding, humour and sharp messaging cuts through all – meet Daniel Fisher MREC Cert RP As a two times editor, journalist, author, analyst and consultant I get to…
Read More →
can you drink tap water
Letting Agent Talk

What tenants really want from a HMO in 2026

By Allison Thompson, Chief Lettings Officer, Leaders part of LRG   Houses in Multiple Occupation (HMOs), also referred to as multi-lets or room rentals, have come a long way in the past couple of decades. Once thought of as very much at the bottom of the accommodation pile, with a reputation for being sub-standard, many…
Read More →