(ONS) House Price Index January 2016
Statistical Bulletin from The Office for National Statistics (ONS) released yesterday.
House Price Index. January 2016. Main findings: UK house prices increased by 7.9% in the year to January 2016, up from 6.7% in the year to December 2015.
House price annual inflation was 8.6% in England, -0.3% in Wales, 0.1% in Scotland and 0.8% in Northern Ireland.
Annual house price increases in England were driven by an annual increase in the South East (11.7%), London (10.8%) and the East (9.8%).
Excluding London and the South East, UK house prices increased by 5.1% in the 12 months to January 2016.
On a seasonally adjusted basis, average house prices increased by 0.9% between December 2015 and January 2016.
In January 2016, prices paid by first-time buyers were 7.7% higher on average than in January 2015.
For owner-occupiers (existing owners), prices increased by 8.0% for the same period.
UK average mix-adjusted house price in January 2016 was £292,000
To read the ONS report in full. House Price Index January 2016 click here