Government housing survey presents mixed picture


The Department of Communities and Local Government has published its latest data, giving a mixed picture of the UK housing market.

The mix-adjusted average house price in the UK in May had increased to A?211,056, from A?209,454 in April, although the figures have not been seasonally adjusted.

In May annual house price inflation stood at 10.9%, having decreased from 11.3% in April.
However in London, annual house price inflation increased to 14.5%, up from 14.0% in April.

Taking the three months to May, UK annual house price inflation averaged 11.0%, with London at 14.1%.

The rise in UK house prices between April and May can be broken down as follows: a 1.8% increase in the average prices for flats; 0.9% for terraced houses; 0.6% for semi-detached homes; 0.3% for detached properties and 0.1% for bungalows.

During May inflation decreased regionally as follows: in England the rate fell from 10.0% in April to 9.8% in May; in Scotland from 17.8% to 15.5%; in Wales from 9.0% to 8.9% and in Northern Ireland from 54.1% to 51.9%.

London remained the location with the highest average house price, at A?324,084 in May. The lowest average price was in the North East at A?146,023.

House price inflation remained unchanged for first time buyers at 11.2%, with the average price being paid across the whole of UK at A?162,055.

For owner occupiers the rate fell from 11.3% to 10.8%; the average price paid for a house was A?235,095.

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