Average UK property prices hits £286k high

UK property price rose by £13,000 to a new high of £286,000 in September according to the latest figures from the Office for National Statistics.

• UK house prices increased by 6.1% in the year to September 2015, up from 5.5% in the year to August 2015.
• House price annual inflation was 6.4% in England, 1.1% in Wales, 1.1% in Scotland and 10.2% in Northern Ireland.
• Annual house price increases in England were driven by an annual increase in the East (8.4%) and the South East (7.4%).
• Excluding London and the South East, UK house prices increased by 5.0% in the 12 months to September 2015.
• On a seasonally adjusted basis, average house prices increased by 0.8% between August and September 2015.
• In September 2015, prices paid by first-time buyers were 4.3% higher on average than in September 2014.
• For owner-occupiers (existing owners), prices increased 6.9% for the same period.

Read the ONS September House Price Index September 2015


Take advantage of our discounted landlord insurance rates