Average house price increase again

The average house price increased again in August 2015 according to Zoopla.

The figures announced from the Office for National Statistics today show a rise of 0.7% making the average cost of a UK home at £284,000.

Their main findings were:

  • UK house prices increased by 5.2% in the year to August 2015, unchanged from 5.2% in the year to July 2015.
  • House price annual inflation was 5.6% in England, 0.8% in Wales, 2.9% in Northern Ireland and -0.9% in Scotland.
  • Annual house price increases in England were driven by an annual increase in the East (8.8%) and the South East (7.4%).
  • Excluding London and the South East, UK house prices increased by 4.8% in the 12 months to August 2015.
  • On a seasonally adjusted basis, average house prices increased by 0.7% between July and August 2015.
  • In August 2015, prices paid by first-time buyers were 3.8% higher on average than in August 2014.
  • For owner-occupiers (existing owners), prices increased by 5.8% for the same period.

So house prices in England have risen faster than in the rest of the UK in the last year with property prices rising by 5.6% in the 12 months to the end of August 2015.

Source: Zoopla, BBC and ONS

 

By | 2019-06-28T11:28:37+00:00 October 13th, 2015|Property News|0 Comments

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