House prices march up 5pc

Sarah Davidson

September 15, 2015

The latest figures from the Office for National Statistics showed house price annual inflation was 5.6% in England, 0.3% in Wales, 7.4% in Northern Ireland and -1.3% in Scotland.

Annual house price increases in England were driven by an annual increase in the East (8.3%) and the South East (6.7%).

Excluding London and the South East, UK house prices increased by 4.4% in the 12 months to July 2015.

On a seasonally adjusted basis, average house prices increased by 0.8% between June and July 2015.

In July 2015, prices paid by first-time buyers were 4.4% higher on average than in July 2014.

For owner-occupiers (existing owners), prices increased by 5.5% for the same period.

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