House Price Index, July 2014

17th September 2014

UK house prices increased by 11.7% in the year to July 2014, up from 10.2% in the year to June 2014.

House price annual inflation was 12.0% in England, 7.4% in Wales, 7.6% in Scotland and 4.5% in Northern Ireland.

House prices are increasing 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 19.1% and to a lesser extent increases in the South East (12.2%) and the East (10.6%).

Excluding London and the South East, UK house prices increased by 7.9% in the 12 months to July 2014.

On a seasonally adjusted basis, average house prices increased by 1.6% between June and July 2014.

In July 2014, prices paid by first-time buyers were 13.5% higher on average than in July 2013. For owner-occupiers (existing owners), prices increased by 10.9% for the same period.

See data tables at -
http://www.ons.gov.uk/ons/publications/re-reference-tables.html?edition=tcm%3A77-333230