House Price Index, October 2014

16 Dec 2014 02:35 PM

Key Findings

• UK house prices increased by 10.4% in the year to October 2014, down from 12.1% in the year to September 2014.
• House price annual inflation was 10.8% in England, 5.7% in Wales, 4.9% in Scotland and 4.9% in Northern Ireland.
• House prices continue to increase 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 17.2% and to a lesser extent increases in the South East (11.9%) and the East (9.6%).
• Excluding London and the South East, UK house prices increased by 6.7% in the 12 months to October 2014.
• On a seasonally adjusted basis, average house prices increased by 0.1% between September and October 2014.
• In October 2014, prices paid by first-time buyers were 12.0% higher on average than in October 2013. For owner-occupiers (existing owners), prices increased by 9.7% for the same period.

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