The latest UK house price index statistics produced by Communities and Local Government were released on Tuesday 10 November 2009.
The latest statistics release includes data based on mortgage completions during the month of September 2009.
The key points from the release are:
- UK house prices were 4.1 per cent lower than in September 2008 but 1.2 per cent higher than in August 2009 (seasonally adjusted).
- The mix-adjusted average house price in the UK stood at £199,303 in September 2009 (not seasonally adjusted).
- UK house prices rose by 3.1 per cent in the quarter ending September 2009. This compares with a smaller rise of 0.3 per cent for the quarter ending June 2009 (seasonally adjusted).
- Annual average house prices fell in England (-4.0 per cent), Wales (-6.7 per cent), Scotland (-0.9 per cent) and Northern Ireland (-18.3 per cent).
- Annual average house prices paid by first time buyers in September 2009 were 1.3 per cent lower than a year ago. By comparison average house prices paid by former owner occupiers were 5.2 per cent lower.
- Annual average house prices paid for new properties in September 2009 were 6.6 per cent lower than a year ago. By comparison average house prices paid on pre-owned dwellings were 3.9 per cent lower.
Read the whole article here.
Article by the Department of Communities and Local Government.
Data sourced from the CML/BankSearch Regulated Mortgage Survey.