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House Price Index November 2015

Main findings 
• UK house prices increased by 7.7% in the year to November 2015, up from 7.0% in the year to October 2015.
• House price annual inflation was 8.3% in England, 1.3% in Wales, 0.4% in Scotland and 4.6% in Northern Ireland. 
• Annual house price increases in England were driven by an annual increase in the East (10.2%), the South East (9.8%) and London (9.8%). 
• Excluding London and the South East, UK house prices increased by 5.8% in the 12 months to November 2015. • On a seasonally adjusted basis, average house prices increased by 0.8% between October and November 2015.
 • In November 2015, prices paid by first-time buyers were 7.4% higher on average than in November 2014. 
• For owner-occupiers (existing owners), prices increased by 7.8% for the same period. 

House price index by region
The pace of annual house price growth was again varied across the 9 English regions in November2015 (Figure 5). The largest annual increase was in the East at 10.2% (down from 10.4% in theyear to October 2015) followed by the South East (9.8% increase in the year to November 2015, up
from 9.5% in the year to October). London prices also increased by 9.8% over the year to November2015 (up from 7.7% in the year to October 2015). The North East had the lowest annual growth of
the 9 regions, with prices increasing 0.4% in the year to November 2015 (down from 2.9% in theyear to October).Excluding London and the South East, UK house prices increased by 5.8% over the year toNovember 2015, up from 5.6% in the year to October 2015.

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