House Price Index

  • In the 12 months to February 2013 UK house prices increased by 1.9%, down from a 2.2% increase in the 12 months to January 2013.
  • House price growth remains relatively stable across most of the UK, although prices in London are increasing and prices in Northern Ireland are falling.
  • The year-on-year increase reflected growth of 2.1% in England and 4.1% in Wales, which were offset by declines of 1.2% in Scotland and 7.7% in Northern Ireland.
  • Annual house price increases in England were driven by a 5.9% rise in London
    and a 2.4% increase in the North East.
  • Excluding London and the South East, UK house prices increased by 0.6% in the 12 months to February 2013.
  • On a seasonally adjusted basis, UK house prices were unchanged between January and February 2013.
  • In February 2013, prices paid by first-time buyers were 1.6% higher on average than in February 2012. For owner-occupiers (existing owners) prices increased by 2.1% for the same period.

Source: Office of National Statistics

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