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• House Price Index - October 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 9 December 2008.

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

The key points from the release are:

• UK house prices were 7.4 per cent lower than in October 2007.
• The mix-adjusted average house price in the UK stood at £203,539 in October 2008 (not seasonally adjusted).
• UK house prices fell by 5.3 per cent in the quarter ending October 2008. This compares with a fall of 1.6 per cent for the quarter ending July 2008.
• Annual average house prices fell in England (-7.3 per cent), Wales (-7.8 per cent), Scotland (-4.5 per cent) and Northern Ireland (-20.5 per cent).
• Annual average house prices paid by first time buyers in October 2008 were 9.7 per cent lower than a year ago. By comparison average house prices paid by former owner occupiers were 6.6 per cent lower.

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

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• House Price Index - October 2008
  PDF, 113 kb , 9 pages
• House Price Index - October 2008
  MS Word, 117 kb , 9 pages
• A1: Mix-adjusted house price index and annual house price change by region
  MS Excel, 52 kb
• A2: Mix-adjusted average house prices by region
  MS Excel, 39 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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