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UK Housing Price Index JULY 2015

UK Housing Price Index JULY 2015

UK house prices increased by 5.2% in the year to July 2015, down from 5.7% in the year to June 2015.

House price annual inflation was 5.6% in England, 0.3% in Wales, 7.4% in Northern Ireland and -1.3% in Scotland.

Annual house price increases in England were driven by an annual increase in the East (8.3%) and the South East (6.7%).

Excluding London and the South East, UK house prices increased by 4.4% in the 12 months to July 2015.

On a seasonally adjusted basis, average house prices increased by 0.8% between June and July 2015.

In July 2015, prices paid by first-time buyers were 4.4% higher on average than in July 2014.

For owner-occupiers (existing owners), prices increased by 5.5% for the same period.

The ONS House Price Index (HPI), previously published by the Department for Communities and Local Government (DCLG) is a monthly release that publishes figures for mix-adjusted average house prices and house price indices for the UK and its component countries and regions. The index is calculated using mortgage financed transactions that are collected via the regulated mortgage survey by the Council of Mortgage Lenders. These cover the majority of mortgage lenders in the UK.
The HPI statistical bulletin provides comprehensive information on the change in house prices on a monthly and annual basis. It also includes analysis by country, region, type of buyer (first-time buyers and former owner-occupiers) and type of dwelling (new dwelling or pre-owned dwelling). Historical series for all accompanying tables are also available in the data section of this release.
We have published Official House Price Statistics Explained (974.4 Kb Pdf) , a guidance document that details our HPI methodology and explains the differences between the different sources of official house price statistics.

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