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13/08/2007
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007.
Annual house price inflation in London was 17.5% in June, up from 14.3% in May.
The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London.
The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007. Between May and June there was a rise of 1.6% in the prices index of properties bought compared with a smaller rise of 0.4% over the same period last year resulting in an increase in the inflation rate.
The rise in UK prices between May and June can be attributed to increases in average prices for flats (2.4%), detached properties and bungalows (2.3% each), semi-detached dwellings (1.1%) and terraced houses (1.0%).
Wales saw a decrease in inflation in June 2007. In Wales annual house price inflation fell from 8.5% in May to 7.6% in June. In Scotland the inflation rate stayed the same at 15.6% in May and June. England and Northern Ireland saw house price inflation increases. In England annual house price inflation rose from 9.6% in May to 11.0% in June; In Northern Ireland annual house price inflation in June was 55.9% compared with 53.0% in May.
With house prices rising in all nine of the English regions, the highest inflation rate was in London (17.5%) followed by South East (10.7%), East and Yorkshire and the Humber (9.6% respectively) and the South West (9.4%). Inflation rates were lower in the North West (9.1%), East Midlands (8.5%) and the North East (8.1%). The lowest inflation rate was in the West Midlands (7.0%).
Average house prices in June were £221,370 in England, £165,119 in Wales, £160,363 in Scotland and £240,302 in Northern Ireland.
The average price paid by first time buyers across the whole of the UK was £164,755 in June, while the average price paid by former owner occupiers was £238,490.
(SP/JM)
Annual house price inflation in London was 17.5% in June, up from 14.3% in May.
The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London.
The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007. Between May and June there was a rise of 1.6% in the prices index of properties bought compared with a smaller rise of 0.4% over the same period last year resulting in an increase in the inflation rate.
The rise in UK prices between May and June can be attributed to increases in average prices for flats (2.4%), detached properties and bungalows (2.3% each), semi-detached dwellings (1.1%) and terraced houses (1.0%).
Wales saw a decrease in inflation in June 2007. In Wales annual house price inflation fell from 8.5% in May to 7.6% in June. In Scotland the inflation rate stayed the same at 15.6% in May and June. England and Northern Ireland saw house price inflation increases. In England annual house price inflation rose from 9.6% in May to 11.0% in June; In Northern Ireland annual house price inflation in June was 55.9% compared with 53.0% in May.
With house prices rising in all nine of the English regions, the highest inflation rate was in London (17.5%) followed by South East (10.7%), East and Yorkshire and the Humber (9.6% respectively) and the South West (9.4%). Inflation rates were lower in the North West (9.1%), East Midlands (8.5%) and the North East (8.1%). The lowest inflation rate was in the West Midlands (7.0%).
Average house prices in June were £221,370 in England, £165,119 in Wales, £160,363 in Scotland and £240,302 in Northern Ireland.
The average price paid by first time buyers across the whole of the UK was £164,755 in June, while the average price paid by former owner occupiers was £238,490.
(SP/JM)
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12 December 2005
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
12 April 2005
UK house prices fall, report shows
UK house prices fell by 0.5% between January and February, figures from the Office of the Deputy Prime Minister (ODPM) have shown. The drop in prices, which saw the average house price in the UK in February fall to £179,491 from £180,465 in January, is smaller than the 1% fall reported in the same period last year.
UK house prices fall, report shows
UK house prices fell by 0.5% between January and February, figures from the Office of the Deputy Prime Minister (ODPM) have shown. The drop in prices, which saw the average house price in the UK in February fall to £179,491 from £180,465 in January, is smaller than the 1% fall reported in the same period last year.
13 June 2005
House price inflation declines
Annual house price inflation dropped to 6.9% in April, a sharp fall from 12.6% in March, according to the latest figures from the Office of the Deputy Prime Minister (ODPM). The ODPM also reported a fall in mix-adjusted prices of 0.8% between March and April, which contrasted sharply with the 4.5% rise during the same period in 2004.
House price inflation declines
Annual house price inflation dropped to 6.9% in April, a sharp fall from 12.6% in March, according to the latest figures from the Office of the Deputy Prime Minister (ODPM). The ODPM also reported a fall in mix-adjusted prices of 0.8% between March and April, which contrasted sharply with the 4.5% rise during the same period in 2004.
14 February 2005
Drop in house prices reported over Christmas period
The latest government figures have shown that overall UK house prices fell in December last year by 0.7%, compared to a 2% rise in the same period last year. Figures published by the Office of the Deputy Prime Minister, showed that UK annual house price inflation in December 2004 was 10.7%, a drop from 13.7% in November.
Drop in house prices reported over Christmas period
The latest government figures have shown that overall UK house prices fell in December last year by 0.7%, compared to a 2% rise in the same period last year. Figures published by the Office of the Deputy Prime Minister, showed that UK annual house price inflation in December 2004 was 10.7%, a drop from 13.7% in November.
12 September 2005
House price rise slowdown continues
Annual house price inflation in July was 4%, down from 5% in June according to figures released today by the Deputy Prime Minister's office. This drop in the growth of house prices pushed the annual house price inflation in London down to 0.9% in July 2005, a fall from the from 1.7% figure in June 2005.
House price rise slowdown continues
Annual house price inflation in July was 4%, down from 5% in June according to figures released today by the Deputy Prime Minister's office. This drop in the growth of house prices pushed the annual house price inflation in London down to 0.9% in July 2005, a fall from the from 1.7% figure in June 2005.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
