(ONS) House Price Index for August 2015

Office for National Statistics (ONS) House Price Index  August 2015, released 13th October 2015.

UK house prices increased by 5.2% in the year to August 2015, unchanged from 5.2% in the year to July 2015.

House price annual inflation was 5.6% in England, 0.8% in Wales, 2.9% in Northern Ireland and -0.9% in Scotland.

Annual house price increases in England were driven by an annual increase in the East (8.8%) and the South East (7.4%).

Excluding London and the South East, UK house prices increased by 4.8% in the 12 months to August 2015.

On a seasonally adjusted basis, average house prices increased by 0.7% between July and August 2015.

In August 2015, prices paid by first-time buyers were 3.8% higher on average than in August 2014.

For owner-occupiers (existing owners), prices increased by 5.8% for the same period.

Further details visit website: http://www.ons.gov.uk/ons/rel/hpi/house-price-index/august-2015/stb-hpi-august-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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