UK Statistics
Statistics: Consumer Price Inflation, May 2014
Released: 17 June 2014 – Download PDF
Key Points
- UK house prices increased by 9.9% in the year to April 2014, up from 8.0% in the year to March 2014.
- House price annual inflation was 10.4% in England, 3.3% in Wales, 4.8% in Scotland and 2.6% in Northern Ireland.
- House prices are increasing strongly across most parts of the UK, with prices in London again showing the highest growth.
- Annual house price increases in England were driven by rises in London (18.7%), the South East (8.9%) and the East (8.5%).
- Excluding London and the South East, UK house prices increased by 6.3% in the 12 months to April 2014.
- On a seasonally adjusted basis, average house prices increased by 2.0% between March and April 2014.
- In April 2014, prices paid by first-time buyers were 10.7% higher on average than in April 2013. For owner-occupiers (existing owners), prices increased by 9.5% for the same period.
Source: Office for National Statistics licensed under the Open Government Licence v.1.0.