The mix-adjusted average house price in the UK in September 2005 stood at £186,723, up slightly from £186,208 in August 2005 (not seasonally adjusted).
UK annual house price inflation in September 2005 was 3.3 per cent, up from 2.8 per cent in August 2005. Annual house price inflation in London was 1.9 per cent in September 2005, up from 0.8 per cent in August 2005
The UK annual house price inflation rate for the three months to September 2005 was 3.3 per cent and 1.2 per cent in London.
The UK house price inflation rate rose from 2.8 per cent in August 2005 to 3.3 per cent in September 2005. Prices rose by 0.3 per cent between August and September, compared to a small fall of 0.2 per cent seen over the same period last year.
The rise in UK prices between August and September can be attributed to rises in average price of most dwelling types. In particular, prices rose for detached houses, by 1.6 per cent, bungalows, by 0.7 per cent and other dwelling types rose or fell by less than 0.1 per cent.
In the home countries, England, Wales and Northern Ireland saw rises in annual inflation in September, while Scotland saw a fall. The inflation rate in England rose from 1.9 per cent in August to 2.5 per cent in September; in Wales the inflation rate rose from 6.6 per cent to 6.8 per cent; and in Northern Ireland the rise was from 11.9 to 16.7. Over the same period, in Scotland the rate fell from 11.2 per cent to 10.1 per cent.
House price inflation rose in five of the English regions but fell in the other four. The highest inflation remains in the north in North West (7.9 per cent) and Yorkshire and the Humber (7.1 per cent). Inflation rates were lower in the North East (3.9 per cent) and West Midlands (3.4 per cent) and East Midlands (2.1 per cent). Inflation was below 2 per cent in the East, London, and South East and lowest in the South West, where inflation fell from 0.1 per cent in August to -0.6 per cent in September, due to a rise in prices between August and September this year of 0.3 per cent compared with a rise of 0.9 per cent in the same period last year.
HOUSE PRICES: REGIONAL
Mix-adjusted average house prices in September were £195,679 in England, £146,682 in Wales, £128,477 in Scotland and £136,799 in Northern Ireland.
The English region with the highest average house price in March remains London at £269,927. The lowest average price was in the North East at £132,678.
Only the East, London, South East and the South West had average prices above the UK average.
HOUSE PRICE INFLATION: TYPE OF BUYER
The UK house price inflation rate for first-time buyers fell from 5.6 per cent in August to 5.0 per cent in September. This was due to a small fall of 0.4 per cent in prices between August and September in the properties bought by first-time buyers, compared with a small rise of 0.2 per cent seen over the same period last year.
The inflation rate for former owner-occupiers rose from 1.8 per cent in August to 2.6 per cent in September. This was due to a small rise of 0.5 per cent in prices between August and September in the properties bought by former owner-occupiers, compared with a slight fall of 0.3 per cent over the same period last year.
The average price paid by first-time buyers across the whole of the UK was £152,643 in September, while the average price paid by former owner-occupiers was £202,130.
