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​UK house prices up again

By Mblazeby  |  Posted: July 15, 2014

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UK house prices have continued to rise and have increased 10.5 per cent in the year to May 2014, according to official figures released by the Office of National Statistics (ONS).

This increase has built on figures released last month which found that house prices had raised 9.9 per cent in the year to April 2014.

House prices were found to be increasing strongly across most of the UK with the biggest growth taking place, as predicted, in London.

Excluding London and the South East, UK house prices increased by 6.4 per cent in the 12 months up to May 2014.

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There was yet more bad news for first time buyers, with figures finding prices paid by first time buyers were 11.3 per cent higher (on average) than in May 2013. 

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