From the organisers of the Natural Stone Show

 

 

 
Market Intelligence

House prices up more than 5% to new record high
, By Eric Bignell

In the 12 months to October UK house prices increased by 5.5%, up from a 3.8% increase
in the 12 months to September, according to figures released on 17 December by the Office for National Statistics.

The year-on-year increase reflected growth of 5.7% in England, 2.0% in Wales, 3.3% in Scotland
and 4.8% in Northern Ireland, showing house price growth is beginning to increase across all parts of the UK, with prices in London increasing fastest (up 12%). Next highest increases were in the East of England (up 4.8%) and West Midlands (4.7%).

In October, the UK mix-adjusted House Price Index reached 186.3, surpassing the previous record
level witnessed in August.

In October, prices paid by first-time buyers were 5.9% higher on average than in October 2012. For existing owners, prices increased by 5.3%.