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Tuesday, March 24, 2015

ONS house price data for January

The ONS data for January shows a slowing UK property market - whether that's seasonal, pre-election or a taste of things to come is anyones guess.

Key points from ONS January HPI
  • UK house prices increased by 8.4% in the year to January 2015, down from 9.8% in the year to December 2014.
  • Annual growth  in England now 8.5%,  4.9% in Wales, 7.8% in Scotland and 7.3% in Northern Ireland. 
  • UK annual house price growth is down from 9.8% in the year to December 2014.
  • London of 13.0% and to a lesser extent increases in the East (9.9%) and the South East (7.6%).
  • Excluding London and the South East, UK house prices increased by 6.5% in the 12 months to January 2015.
  • On a seasonally adjusted basis, average house prices fell by 0.2% between December 2014 and January 2015.
  • In January 2015, prices paid by first-time buyers were 9.7% higher on average than in January 2014. For owner-occupiers (existing owners), prices increased by 7.8% for the same period.

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