UK House Price Index – September 2015

  • UK house prices increased by 6.1% in the year to September 2015, up from 5.5% in the year to August 2015.
  • House price annual inflation was 6.4% in England, 1.1% in Wales, 1.1% in Scotland and 10.2% in Northern Ireland.
  • Annual house price increases in England were driven by an annual increase in the East (8.4%) and the South East (7.4%).
  • Excluding London and the South East, UK house prices increased by 5.0% in the 12 months to September 2015.
  • On a seasonally adjusted basis, average house prices increased by 0.8% between August and September 2015.
  • In September 2015, prices paid by first-time buyers were 4.3% higher on average than in September 2014.
  • For owner-occupiers (existing owners), prices increased 6.9% for the same period.

Statistics have always been of interest to me and as always each Office of National Statistics releases make informative reading. It’s nice to see how growth is in the UK when London and the South East is excluded, The growth is steady and strong and supports all that we do within the buy to let property industry.

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