Communities and Local Government

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• House Price Index - May 2008

www.communities.gov.uk

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Summary

The latest UK house price index statistics produced by Communities and Local Government were released on Tuesday 8 July 2008.

The latest statistics release includes data based on mortgage completions during the month of May 2008.

The key points from the release are:

• The mix-adjusted average house price in the UK stood at £218,151 in May 2008, down from £218,875 in April 2008 (not seasonally adjusted).
• UK house prices grew by 3.7 per cent in the year to May 2008, down from 4.9 per cent in April 2008. Annual house price growth was 7.8 per cent in London in the year to May, up from 7.5 per cent in April.
• By country annual house price growth was highest in Scotland (+6.9 per cent) and lowest in Northern Ireland (-7.8 per cent). Annual house prices grew by 1.5 per cent in Wales, and rose by 3.8 per cent in England.
• UK house prices grew by 0.5 per cent in the quarter ending May 2008. This compares with a fall of 0.6 per cent for the quarter ending February 2008.

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• This publication is only available online - see below to download.

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• House Price Index - May 2008
  PDF, 74 kb , 8 pages
• Housing Price Index - May 2008
  MS Word, 111 kb , 8 pages
• A1: Mix-adjusted house price index and annual inflation by region
  MS Excel, 52 kb
• A2: Mix-adjusted average house prices by region
  MS Excel, 40 kb
• A3: Mix-adjusted house price index and annual inflation by type of buyer, UK
  MS Excel, 36 kb
• A4: Mix-adjusted average house prices by type of buyer, UK
  MS Excel, 27 kb

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