RSS   Newsletter   Contact   Advertise with us

ONS house price index rebounds for first time since Brexit vote

Staff Writer | January 18, 2017
UK house prices rose in November for the first time since July, according to the Office for National Statistics.
UK house prices
Homes in Britain   The Office for National Statistics:
ONS's House Price Index data, which is based on mortgage completions, showed house prices rose 1.1% month-on-month in November and rebounded 6.7% year-on-year, having dipped to a 12-month low of 6.4% in October from 6.6% in September, 6.8% in August and 9.3% in June.

The monthly rate had dipped 0.1% in October after a flat September and a drop of 0.4% in August.

England was the main driver, with house prices up 7.2% to an average of £234,000, with an average London house costing£482,000 in November, followed by the South East and the East of England, where average prices stand at £313,000 and £278,000 respectively.

The average for a house in Wales rose 4.1% to £147,000, Scotland gained 3.3% to £143,000 and the average price in Northern Ireland unmoved from £124,000.