House Price Index for October
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.
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