House Price Index, November 2014

13 Jan 2015 02:35 PM

Key Findings

• UK house prices increased by 10.0% in the year to November 2014, down from 10.4% in the year to October 2014.
• House price annual inflation was 10.4% in England, 3.1% in Wales, 4.4% in Scotland and 11.7% in Northern Ireland.
• House prices continue to increase strongly across the majority 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 15.3% and to a lesser extent increases in the East (11.9%) and the South East (10.8%).
• Excluding London and the South East, UK house prices increased by 7.1% in the 12 months to November 2014.
• On a seasonally adjusted basis, average house prices increased by 0.2% between October and November 2014.
• In November 2014, prices paid by first-time buyers were 11.0% higher on average than in November 2013. For owner-occupiers (existing owners), prices increased by 9.5% for the same period.

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