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16/01/2006
House price inflation rises slightly
House price inflation has risen by 0.8% from 1.8% in October to 2.5% in November, the latest figures produced by the Office of the Deputy Prime Minister (ODPM) have revealed.
The rise in UK prices between October and November was attributed to rises in average prices for all types of houses. Flats and bungalows both rose by 1% while prices for semi-detached houses rose by 0.9%.
England, and Northern Ireland saw rises in the annual inflation figure in November, while inflation fell in Wales and Scotland.
The inflation rate in England rose from 0.9% in October to 1.7% in November and in Northern Ireland rose from 10.7% to 17%. Over the same period, the inflation rate in Wales fell from 8.8% to 6.5% and in Scotland the rate fell from 9.3% to 8.9%.
The survey found wide variations in house price inflation in England, with prices rising in six of the nine English regions. The highest inflation rates were in Yorkshire and the Humber (6.2%), North West (6.1%) and in North East (4.8%). Inflation rates were much lower in London (2.2%), the West Midlands (1.8%) and the South East (0.1%). House prices in the East were unchanged over the previous year and inflation rates in the East Midlands, and South West were both -0.2%.
Average house prices in November stood at £195,319 in England, £148,719 in Wales, £127,857 in Scotland and £136,231 in Northern Ireland.
(SP/KMcA)
The rise in UK prices between October and November was attributed to rises in average prices for all types of houses. Flats and bungalows both rose by 1% while prices for semi-detached houses rose by 0.9%.
England, and Northern Ireland saw rises in the annual inflation figure in November, while inflation fell in Wales and Scotland.
The inflation rate in England rose from 0.9% in October to 1.7% in November and in Northern Ireland rose from 10.7% to 17%. Over the same period, the inflation rate in Wales fell from 8.8% to 6.5% and in Scotland the rate fell from 9.3% to 8.9%.
The survey found wide variations in house price inflation in England, with prices rising in six of the nine English regions. The highest inflation rates were in Yorkshire and the Humber (6.2%), North West (6.1%) and in North East (4.8%). Inflation rates were much lower in London (2.2%), the West Midlands (1.8%) and the South East (0.1%). House prices in the East were unchanged over the previous year and inflation rates in the East Midlands, and South West were both -0.2%.
Average house prices in November stood at £195,319 in England, £148,719 in Wales, £127,857 in Scotland and £136,231 in Northern Ireland.
(SP/KMcA)
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Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
