House Price IndexThe Office for National Statistics (ONS) announced its October 2013 HPI yesterday. The ONS figures are always a few months behind the other major HPI announcements.

Key figures

  • Over the year to October 2013 UK house prices have increased by 5.5%, up against the annual change reported in September 2013 – which was 3.8%
  • Over the month the increase, seasonally adjusted, was 1.4%
  • Across the countries of the UK, this growth was seen as
    • 5.7% in England
    • 2.0% in Wales
    • 3.3% in Scotland
    • 4.8% in Northern Ireland

  • The UK mix-adjusted House price Index surpased the record level seen in August 2013 by 0.2%. The average UK house price was therefore £247,000
  • Prices are increasing across the UK, however London continues to show the fastest growth

Source: ONS October 2013 HPI