House Price Index - December 2011
| Published |
14 February 2012
|
| Type(s) |
Statistics
|
| Site |
Corporate |
| ISBN |
9781409833468 |
| Price |
Free |
Summary
The latest UK house price index statistics produced by the Department for Communities and Local Government were released on Tuesday 14 February 2012.
The latest statistics release includes data based on mortgage completions during the month of December 2011.
The key points from the release are:
- In December UK house prices increased by 0.1 per cent over the year and increased by 0.4 per cent over the month (seasonally adjusted).
- The average mix-adjusted UK house price was £205,269 (not seasonally adjusted).
- Average house prices increased by 0.4 per cent over the quarter to December, compared to an increase of 0.6 per cent over the quarter to September (seasonally adjusted).
- Average prices decreased during the year in three UK countries; Wales (-1.6 per cent), Scotland (-4.6 per cent) and Northern Ireland (-8.1 per cent). However, there was an increase of 0.5 per cent in average house prices in England.
- Prices paid by first time buyers were 1.6 per cent higher on average than a year earlier whilst prices paid by former owner occupiers decreased by 0.5 per cent.
- Prices for new properties were 9.5 per cent higher on average than a year earlier whilst prices for pre-owned dwellings decreased by 0.6 per cent.
More tables and historic data can be downloaded from 'Live tables on housing market and house prices' page (see link top right).
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- Published: 17 January 2012
- Site: Corporate