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UK house prices increased by 5.7% in the year 2015

Main points :

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 UK house prices increased by 5.7% in the year to June 2015, up from 5.6% in the year to May 2015. 

• House price annual inflation was 6.1% in England, 0.8% in Wales, 9.0% in Northern Ireland and -0.6% in Scotland. • Annual house price increases in England were driven by an annual increase in the East (9.2%) and the South East (7.7%). 

• Excluding London and the South East, UK house prices increased by 5.2% in the 12 months to June 2015.

 • On a seasonally adjusted basis, average house prices increased by 0.4% between May and June 2015.

 • In June 2015, prices paid by first-time buyers were 5.1% higher on average than in June 2014. For owner-occupiers (existing owners), prices increased by 6.0% for the same period. 

House price index by region The pace of annual house price growth picked up in 6 of the 9 English regions in June 2015 



(Figure 5). 
The largest annual increase was in the East at 9.2% (the same as in the year to May 2015) followed by the South East (7.7% increase in the year to June 2015, down from 8.1%). 

The lowest growth in June 2015 was in the North East; here prices increased by 2.8% over the year (up from 2.0% in May 2015). London prices increased by 5.3% over the year to June 2015 (up from 4.9% in the year to May 2015). 

Excluding London and the South East, UK house prices increased by 5.2% over the year to June 2015, up from 5.0% in the year to May 2015.


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