House Price Index, September 2014

18 Nov 2014 01:14 PM

Key Findings

• UK house prices increased by 12.1% in the year to September 2014, up from 11.7% in the year to August 2014.
• House price annual inflation was 12.5% in England, 5.8% in Wales, 7.6% in Scotland and 10.9% 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 18.8% and to a lesser extent increases in the East (13.4%) and the South East (11.6%).
• Excluding London and the South East, UK house prices increased by 9.1% in the 12 months to September 2014.
• On a seasonally adjusted basis, average house prices increased by 0.5% between August and September 2014.
• In September 2014, prices paid by first-time buyers were 13.3% higher on average than in September 2013. For owner-occupiers (existing owners), prices increased by 11.5% for the same period.

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