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Wednesday, May 18, 2016

Final ONS HPI has annual growth at 9%

The last ever Office for National Statistics House Price Index for March 2016 puts the annual growth rate of UK property at 9.0%. 

The UK average mix-adjusted house price is now £292,000.

Annual property price growth rates now stand at:
  • UK - 9.0%, up from 7.6% in February 2016.
  • England - 10.1%.
  • Wales - 2.1%.
  • Scotland  - 6.1%.
  • Northern Ireland - 6.4%.
  • Strongest regions are London- 13.0%, South East -12.2%, East of Eng. - 12.1%.
  • UK (Excluding London and the South East)  - 5.9%. 
  • First-time buyers - 9.7%.
  • Owner-occupiers (existing owners) -  8.7%.

From next month this index will be superseded by the new UK House Price Index.


I guess this is where I should put a pithy- 'End of an era' comment, but I won't.

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