House Price Index, March 2015

19 May 2015 02:58 PM

Main findings

• UK house prices increased by 9.6% in the year to March 2015, up from 7.4% in the year to February 2015.
• House price annual inflation was 9.4% in England, 5.7% in Wales, 14.6% in Scotland and 7.5% in Northern Ireland. This is the highest annual increase in Scotland since July 2007.
• The pace of annual house price growth increased across the majority of the UK.
• Annual house price increases in England were driven by an annual increase in the East (11.4%), London (11.2%) and the South East (11.2%).
• Excluding London and the South East, UK house prices increased by 8.1% in the 12 months to March 2015.
• On a seasonally adjusted basis, average house prices increased by 1.1% between February and March 2015.
• In March 2015, prices paid by first-time buyers were 7.8% higher on average than in March 2014. For owner-occupiers (existing owners), prices increased by 10.3% for the same period.

Get all the tables for this publication in the data section of this publication.