House prices rose by 6.1% in the year to September 2015, according to the Office for National Statistics (ONS).
According to the Office for National Statistics (ONS), house prices rose by 6.1% in the year to September 2015, up from 5.5% in August, and 5.2% in July. This brings the average UK house price up to £286,000. However, the rise is significantly lower than that seen in 2014, when prices were rising by more than 12%. The Halifax has already stateed that house prices rose by 8.6% over the same period while Nationwide building commented that 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%).