www.communities.gov.uk

House Price Index - January 2011

Published 15 March 2011
Type(s) Statistics
Site Corporate
Price Free

Summary

The latest UK house price index statistics produced by the Department for Communities and Local Government were released on Tuesday 15 March 2011.

The latest statistics release includes data based on mortgage completions during the month of January 2011.

The key points from the release are:

  • In January UK house prices increased by 0.5 per cent over the year but decreased by 1.4 per cent over the month (seasonally adjusted).
  • The average mix-adjusted UK house price was £208,552 (not seasonally adjusted).
  • Average house prices were 0.4 per cent lower over the quarter to January, compared to a quarterly decrease of 0.2 per cent over the quarter to October (seasonally adjusted).
  • Average prices increased during the year in England (1.0 per cent), but decreased in Wales (-1.8 per cent), Scotland (-3.2 per cent) and Northern Ireland (-14.1 per cent).
  • Prices paid by first time buyers were 1.5 per cent higher on average than a year earlier whilst prices paid by former owner occupiers increased by 0.1 per cent.
  • Prices for new properties were 8.6 per cent higher on average than a year earlier whilst prices for pre-owned dwellings decreased by 0.1 per cent.

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