///House Price Index – December 2008

House Price Index – December 2008

• UK house prices were 10.2 per cent lower than in December 2007.
 The mix-adjusted average house price in the UK stood at £195,317 in December 2008 (not seasonally adjusted).
• UK house prices fell by 6.4 per cent in the quarter ending December 2008. This compares with a fall of 3.0 per cent for the quarter ending September 2008.
• Annual average house prices fell in England (-10.4 per cent), Wales (-10.3 per cent), Scotland (-6.0 per cent) and Northern Ireland (-17.9 per cent).
• Annual average house prices paid by first time buyers in December 2008 were 13.0 per cent lower than a year ago. By comparison average house prices paid by former owner occupiers were 9.2 per cent lower.

Read the whole article here.
Article by the DCLG.
Data partially sourced from the CML/BankSearch Regulated Mortgage Survey.

2013-07-26T16:17:46+00:00 26th July 2013| In The Press|