Wednesday 15 Oct 2014 @ 09:15
Office for National Statistics
Office for National Statistics
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House Price Index, August 2014
Key Findings
- UK house prices increased by 11.7% in the year to August 2014, unchanged from the year to July 2014.
- House price annual inflation was 12.2% in England, 4.7% in Wales, 6.7% in Scotland and 9.6% in Northern Ireland.
- House prices are increasing strongly across the UK, with prices in London again showing the highest growth.
- Annual house price increases in England were driven by an annual increase in London of 19.6% and to a lesser extent increases in the South East (12.3%) and the East (11.6%).
- Excluding London and the South East, UK house prices increased by 7.8% in the 12 months to August 2014.
- On a seasonally adjusted basis, average house prices increased by 0.6% between July and August 2014.
- In August 2014, prices paid by first-time buyers were 12.9% higher on average than in August 2013. For owner-occupiers (existing owners), prices increased by 11.2% for the same period.
Get all the tables for this publication in the data section of this publication.