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Tuesday, November 17, 2015

House prices in UK up 6.1%, says ONS

That was up from 5.5% in August, and 5.2% in July. It brings the average house price to £286,000.
However, the rise is still much lower than a year previously, when prices were rising by more than 12%.
 
The Halifax has previously said that house prices rose by 8.6% over the same period, while Nationwide said the rise was just 3.8%.

The ONS figures show that prices rose fastest in Northern Ireland (10.2%) and the East of England (8.4%).
Last week, the Royal Institution of Chartered Surveyors (Rics) warned that property would become "even more unaffordable" over the next five years, unless more houses were built.

Regional House Prices
Region Annual % change Average house price
UK 6.1% £286,000
England 6.4% £299,000
Wales 1.1% £175,000
Scotland 1.1% £199,000
Northern Ireland 10.2% £162,000
North East England 1.8% £158,000
North West 4.2% £184,000
Yorks and Humber 4.6% £186,000
East Midlands 3.6% £196,000
West Midlands 4.5% £207,000
East 8.4% £309,000
London 7.2% £531,000
South East 7.4% £359,000
South West 6% £263,000 
source: ONS

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