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TODAY'S OTHER NEWS

House prices up 6.1 per cent in a year, say government figures

House prices rose by an average of 6.1 per cent in the year to September according to the Office for National Statistics.

That was higher than the annual figure recorded in August (5.5 per cent) and July (5.2 per cent) but is still much lower than a year ago, when prices were rising by over 12 per cent.

It brings the average UK house price to £286,000.

House prices in the east of England rose 8.4 per cent over the past year while the south east figure was 7.4 per cent. Prices rose 5.0 per cent in London, but a mere 1.1 per cent in both Wales and Scotland. 

In September, average house prices in four of the nine English regions hit record levels and the north east remains the only English area where average prices remain below their early-2008 pre-downturn peak, by some 2.4 per cent. 

  • Rob  Davies

    Joy of joys. The endless, and unsustainable, rise in house prices continues unabated.

    When £286,000 is the average house price - triple that for London and parts of the South East - you know something's gone seriously wrong. No wonder a whole generation will be priced out of the housing market. You're looking at over £28,000 for a deposit. Affordable? Get out of it!

  • Algarve  Investor

    Yep. House prices do seem to only be going one way and the government seem perfectly happy with that. Something's got to prop up our economy, because it's certainly not manufacturing or construction.

    As ever, the issue is one of supply and demand. Massive demand, barely any supply. I'm still waiting to see any of these affordable homes that the government keep banging on about relentlessly. And what constitutes affordable these days?

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