ONS House Price Data for March

The rate of annual house price growth has increased across the majority of the UK according to the Office of National Statistics house price index for March 2015. 

Scotland has done particularly well, recording its highest annual increase since July 2007.

• UK house prices up 9.6% in the year to March 2015, up from 7.4% in the year to Feb 2015.
• Annual growth rates - 9.4% England, 5.7% Wales, 14.6% Scotland, 7.5% Northern Ireland.
• Strongest English regions - East (11.4%), London (11.2%), South East (11.2%) annual house price growth.
• Excluding London and the South East, England's annual house price growth is now 8.1%. 
• Seasonally adjusted, average house prices increased by 1.1% between February and March 2015.
• First-time buyers paid 7.8% more than in March 2014. 
• Owner-occupiers (existing owners) paid 10.3% more than in March 2014.

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