Landlord and BTL Blog: Latest ONS House Price Data out

Tuesday, January 13, 2015

The ONS House Price Data for November 2014 shows -

Average UK house prices increased by 10.0% in the year to November 2014, down from 10.4% in the year to October 2014.
House price annual inflation was 10.4% in England, 3.1% in Wales, 4.4% in Scotland and 11.7% in Northern Ireland.
House prices continue to increase strongly across the majority of the UK, with prices in London again showing the highest growth.
Annual house price increases in England were driven by an annual increase in London of 15.3% and to a lesser extent increases in the East (11.9%) and the South East (10.8%).
Excluding London and the South East, UK house prices increased by 7.1% in the 12 months to November 2014.
On a seasonally adjusted basis, average house prices increased by 0.2% between October and November 2014.
In November 2014, prices paid by first-time buyers were 11.0% higher on average than in November 2013. For owner-occupiers (existing owners), prices increased by 9.5% for the same period.