UK house prices increased by 7.0% in the year to October 2015, up from 6.1% in the year to September 2015. House price annual inflation was 7.4% in England, 1.0% in Wales, 0.9% in Scotland and 10.3% in Northern Ireland. Annual house price increases in England were driven by an annual increase in the East (10.4%) and the South East (9.5%). Excluding London and the South East, UK house prices increased by 5.6% in the 12 months to October 2015. On a seasonally adjusted basis, average house prices increased by 0.8% between September and October 2015. In October 2015, prices paid by first-time buyers were 5.9% higher on average than in October 2014 . For owner-occupiers (existing owners), prices increased 7.4% for the same period. Average mix-adjusted house prices in October 2015 reached £300,000 in England and stood at £174,000 in Wales, £196,000 in Scotland and £158,000 in Northern Ireland. That means that the average UK home now costs £287,000...
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