UK House Prices Up 6.1% in September

House prices rose by 6.1% in the year to September 2015, according to the Office for National Statistics (ONS).

That was up from 5.5% in August, and 5.2% in July. It brings the average house price to £286,000.

However, the rise is still much lower than a year previously, when prices were rising by more than 12%.

The Halifax has previously said that house prices rose by 8.6% over the same period, while Nationwide said the rise was just 3.8%.

Separately, the Land Registry for England and Wales announced that prices were up by 5.6% in the year to October.

The Land Registry includes cash sales, which typically represent about a third of the market.

The ONS figures show that prices rose fastest in Northern Ireland (10.2%) and the East of England (8.4%).

via BBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza