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UK house prices increased by 5.7% in the year 2015

Main points :  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 t...