WIREDGOV

Key Findings

• UK house prices increased by 10.2% in the year to June 2014, down from 10.4% in the year to May 2014.
• House price annual inflation was 10.7% in England, 3.5% in Wales, 6.0% in Scotland and 4.9% in Northern Ireland.
• House prices are increasing strongly across most parts of 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 19.3% and to a lesser extent increases in the South East (9.7%) and the East (7.9%).
• Excluding London and the South East, UK house prices increased by 6.3% in the 12 months to June 2014.
• On a seasonally adjusted basis, average house prices increased by 0.5% between May and June 2014.
• In June 2014, prices paid by first-time buyers were 12.0% higher on average than in June 2013. For owner-occupiers (existing owners), prices increased by 9.5% for the same period.