Wednesday, August 22, 2012
The ONS House Price Index for June 2012
Key points include:
• In the 12 months to June 2012, UK house prices increased by
2.3 per cent, unchanged from the 12 months to May.
• House prices continue to remain relatively stable across most of
the UK
• The year-on-year increase reflected growth of 2.8 per cent in
England, which was offset by declines in Scotland and Northern
Ireland of 1.0 and 11.9 per cent respectively. House prices
remained unchanged in Wales
• Annual house price increases in England were driven by a 6.5 per
cent rise in London, and increases in the South West and South East
of 2.3 and 2.2 per cent respectively. The only decrease in England
was of 1.3 per cent in the North East
• On a seasonally adjusted basis, UK house prices increased by 0.5
per cent between May and June
• Prices of new dwellings rose by 5.9 per cent during the 12
months to June 2012, while the price of pre-owned dwellings
increased by 2.1 per cent in the same period
• In June 2012, prices paid by first time buyers were 3.1 per cent
higher on average than in June 2011.
The latest ONS House Price Index for June 2012 can be downloaded
here