The ONS have released their statistical analysis for July 2015, here are the key facts:
• UK house prices increased by 5.2% in the year to July 2015, down from 5.7% in the year to June 2015.
• House price annual inflation was 5.6% in England, 0.3% in Wales, 7.4% in Northern Ireland and -1.3% in Scotland.
• Annual house price increases in England were driven by an annual increase in the East (8.3%) and the South East (6.7%).
• Excluding London and the South East, UK house prices increased by 4.4% in the 12 months to July 2015.
• On a seasonally adjusted basis, average house prices increased by 0.8% between June and July 2015.
• In July 2015, prices paid by first-time buyers were 4.4% higher on average than in July 2014.
• For owner-occupiers (existing owners), prices increased by 5.5% for the same period
House price index UK summary
UK average house prices increased by 5.2% over the year to July 2015, down from an increase of 5.7% in the year to June 2015 (Figure 1). The average UK mix-adjusted house price in July 2015 was £282,000