House price inflation slows again, ONS says

December 13, 2016 10:05 am Published by

House price inflation slows again, ONS says

  • 13 December 2016
  • From the section Business

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House price inflation across the UK is continuing to ease, according to the latest data from the Office for National Statistics (ONS).

Prices rose by 6.9% in the year to October, down from 7% in September.

The average price remains at £217,000, according to the index, which includes data from the Land Registry and Registers of Scotland.

Areas near London saw the fastest price rises, but the City of London and Aberdeen saw the biggest falls.

Basildon saw house prices rise by 19.9% over the past year, while in Slough they were up by 19.6%.

Prices fell by 8.8% in the City of London, by 8.7% in Aberdeen, and by 4.9% in Kensington and Chelsea.

UK regional house prices (year to October 2016)
Region Inflation Average price
England +7.4% £233,000
Wales +4.4% £147,000
Scotland +4% £143,000
Northern Ireland +5.4% £124,000

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This post was written by FSB News