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• House Price Index - August 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 14 October 2008.

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

The key points from the release are:

• UK house prices were 3.4 per cent lower than in August 2007.
• The mix-adjusted average house price in the UK stood at £211,410 in August 2008 (not seasonally adjusted).
• UK house prices fell by 2.4 per cent in the quarter ending August 2008. This compares with a fall of 0.2 per cent for the quarter ending May 2008.
• Annual average house prices increased in Scotland (+1.3 per cent), but fell in England (-3.4 per cent), Wales (-4.3 per cent) and Northern Ireland (-18.6 per cent).
• Annual average house prices paid by first time buyers in August 2008 were 4.5 per cent lower than a year ago. By comparison average house prices paid by former owner occupiers were 3.1 per cent lower.

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

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• House Price Index - August 2008
  PDF, 166 kb , 9 pages
• House Price Index - August 2008
  MS Word, 111 kb , 9 pages
• A1: Mix-adjusted house price index and annual house price change by region
  MS Excel, 51 kb
• A2: Mix-adjusted average house prices by region
  MS Excel, 38 kb
• A3: Mix-adjusted house price index and annual inflation by type of buyer, UK
  MS Excel, 35 kb
• A4: Mix-adjusted average house prices by type of buyer, UK
  MS Excel, 29 kb

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