(ONS) House Price Index January 2016

March 23, 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

 

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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