ONS February House price index

The ONS February 2016 House price index has just been published showing -

• Annual UK house growth now 7.6%, down from 7.9% in January
• Annual house growth in in England now 8.2%,  2.8% in Wales, -0.8% in Scotland and 2.4% in Northern Ireland.
• Annual house growth driven by South East (11.4%), the East (10.3%) and London (9.7%).
• Excluding London and the South East, UK annual house growth at 5.0% 
• Annual UK house growth for first-time buyers at 8.0% 
• Annual UK house growth for owner-occupiers (existing owners), at 7.4%
• The average UK  house price is now £284,000.

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