15/10/2013

ONS Figures Show Record High For House Prices

According to new figures from the Office for National Statistics (ONS), UK house prices reached a record high in August, standing at 185.8.

The average house price is now at its highest since the house price index was established in 1968, peaking at £247,000, according to the ONS.

The figures suggest that house prices in England, Wales and Northern Ireland are increasing, but continue to fall in Scotland.

The figures show that prices across the UK rose by 3.8% in the year to August 2013, up from 3.3% in July. However, excluding London and the South East - where property values have seen the biggest increases - prices rose by just 2.1%.

(MH/CD)

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