The latest UK house price index statistics produced by Communities and Local Government were released on Tuesday 12 January 2010.
The latest statistics release includes data based on mortgage completions during the month of November 2009.
The key points from the release are:
- UK house prices were 0.6 per cent higher than in November 2008 and 1.7 per cent higher than in October 2009 (seasonally adjusted).
- The mix-adjusted average house price in the UK stood at £200,454 in November 2009 (not seasonally adjusted).
- UK house prices rose by 3.5 per cent in the quarter ending November 2009. This compares with a smaller rise of 2.6 per cent for the quarter ending August 2009 (seasonally adjusted).
- Annual average house prices rose in England (0.6 per cent), Scotland (2.4 per cent) and Wales (2.2 per cent), but fell in Northern Ireland (-11.6 per cent).
- Annual average house prices paid by first time buyers in November 2009 were 3.9 per cent higher than a year ago. By comparison average house prices paid by former owner occupiers were 0.7 per cent lower.
- Annual average house prices paid for new properties in November 2009 were 0.4 per cent higher than a year ago and average house prices paid on pre-owned dwellings were 0.7 per cent higher.
Read the whole article here.
Article by the Department of Communities and Local Government.
Data sourced from the CML/BankSearch Regulated Mortgage Survey.