House Price Index, May 2015

14 Jul 2015 03:26 PM

Main points

• UK house prices increased by 5.7% in the year to May 2015, up from 5.5% in the year to April 2015.
• House price annual inflation was 5.8% in England, 2.5% in Wales, 2.9% in Scotland and 10.5% in Northern Ireland.
• The pace of annual house price growth increased slightly across the majority of the UK in May 2015.
• Annual house price increases in England were driven by an annual increase in the East (9.3%) and the South East (8.2%).
• Excluding London and the South East, UK house prices increased by 5.2% in the 12 months to May 2015.
• On a seasonally adjusted basis, average house prices increased by 0.9% between April and May 2015.
• In May 2015, prices paid by first-time buyers were 5.1% higher on average than in May 2014. For owner-occupiers (existing owners), prices increased by 5.9% for the same period.

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