Annual UK house price inflation has continued to grow, the Office for National Statistics has reported.
The ONS – whose figures were used in Monday’s BBC Panorama programme looking at whether there is a house price bubble – says that in September, house prices in England stood at £255,000; in Wales £163,000; in Northern Ireland £127,000; and in Scotland £181,000.
All told, in the 12 months to September, UK house prices increased by 3.8%, up from a 3.7% increase in the 12 months to August.
The year-on-year increase reflected growth of 4.2% in England and 1.4% in Wales, offset by falls of 1.1% in Scotland and 1.5% in Northern Ireland. House prices in London went up 9.4%.
Excluding London and the south-east, UK house prices increased by 1.4% in the 12 months to September to stand at £192,000.
On average, new homes increased more at 5.9% than secondhand ones at 3.7%. A new home cost an average of £228,000 in September, less than a used home at £246,000.
Annual house price inflation still growing, says official statistician
