House Price Index September 2009: Highlights - UKCIG Investment

House Price Index September 2009: Highlights

     * UK house prices were 4.1 per cent lower than in September 2008 but 1.2 per cent higher than in August 2009 (seasonally adjusted).
    * The mix-adjusted average property price in the UK stood at £199,303 in September 2009 (not seasonally adjusted).
    * UK house prices rose by 3.1 per cent in the quarter ending September 2009, compared to a smaller rise of 0.3 per cent for the quarter ending June 2009 (seasonally adjusted).

Countries & Regions

    * Annual average house prices fell in England (-4.0 per cent), Wales (-6.7 per cent), Scotland (-0.9 per cent) and Northern Ireland (-18.3 per cent).
    * Average house prices in September 2009 were £205,592 in England, £147,791 in Wales, £161,157 in Scotland and £174,342 in Northern Ireland.
    * The English region with the highest average house price in September remains London at £313,868; the lowest average price was in the North East of England at £136,276.
    * Of the English regions, only the East of England, London, the South East and the South West had average prices above the UK average.
    * The annual house price rates of change ranged from -2.4 per cent in the West Midlands to -6.1 per cent in the South East.
    * The annual growth rates in the other regions were -2.5 per cent in both the North East and the North West, -2.7 per cent in London, -3.5 per cent in the East Midlands, -3.9 per cent in the East, -5.1 per cent in the South West and -5.4 per cent in Yorkshire and the Humber.

Buyer Types

    * Annual average house prices paid by first-time buyers in September 2009 were 1.3 per cent lower than a year ago.
    * By comparison, average house prices paid by former owner occupiers were 5.2 per cent lower.
    * The average price paid by first-time buyers across the whole of the UK was £147,517 in September.
    * The average price paid by former owner occupiers was £231,193.