The latest UK house price index statistics produced by Communities and Local Government were released on Tuesday 14 December 2010.
The latest statistics release includes data based on mortgage completions during the month of October 2010.
The key points from the release are:
In October UK house prices increased by 5.5 per cent over the year but were slightly lower over the month (-0.1 per cent, seasonally adjusted).
The average mix-adjusted UK house price was £209,466 (not seasonally adjusted).
Average house prices were 0.2 per cent lower over the quarter to October, compared to a quarterly increase of 0.5 per cent in July (seasonally adjusted).
Average prices increased during the year in Wales (9.1 per cent) and in England (5.9 per cent) but were lower in Northern Ireland (-8.9 per cent) and in Scotland (-0.4 per cent).
Prices paid by first time buyers were 3.4 per cent higher on average than a year earlier whilst prices paid by former owner occupiers increased by 6.3 per cent.
Prices paid for new properties were 4.4 per cent higher on average than a year earlier whilst prices for pre-owned dwellings increased by 5.6 per cent.
Read the whole article here.
Article by the Communities and Local Government.
Data sourced from the CML/BankSearch Regulated Mortgage Survey.