House Price Index, September 2013

Statistical bulletin: House Price Index, September 2013

Released: 12 November 2013 – Download PDF

Contents

• Key findings
• About this statistical bulletin
• House Price Index UK summary
• House Price Index by country
• House Price Index by region
• Average house prices in countries and regions
• House Price Index by type of buyer
• House Price Index by new and pre-owned dwellings
• Data tables
• User engagement
• Background notes
• Statistical contacts

Key Points

• The UK house price index level (184.9) has dropped back slightly from the peak last month (186.0). However, annual UK price growth has continued to increase due to larger falls in property prices in September 2012.
• In the 12 months to September 2013 UK house prices increased by 3.8%, up from a 3.7% increase in the 12 months to August 2013.
• House price growth remains stable across most of the UK, although prices in London are increasing faster than the UK average.
• The year-on-year increase reflected growth of 4.2% in England and 1.4% in Wales, offset by falls of 1.1% in Scotland and 1.5% in Northern Ireland.
• Annual house price increases in England were driven by rises in London (9.4%), the South East (4.0%) and Yorkshire and The Humber (3.0%).
• Excluding London and the South East, UK house prices increased by 1.4% in the 12 months to September 2013.
• On a seasonally adjusted basis, UK house prices were unchanged between August and September 2013.
• In September 2013, prices paid by first-time buyers were 5.3% higher on average than in September 2012. For owner-occupiers (existing owners), prices increased by 3.2% for the same period.

Source: Office for National Statistics licensed under the Open Government Licence v.1.0.