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UK house price inflation eases

Staff Writer |
British house price inflation eased in November after accelerating in the previous month, figures from the Office for National Statistics showed Tuesday.

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The house price index climbed 5.1% year-over-year in November, slower than the 5.4% rise in October, which was revised up from a 4.5% increase reported earlier.

The average UK house price was GBP 226,000 in November, which was GBP 11,000 higher than in the same month of the prior year, while unchanged from a month ago.

House price inflation in England alone was 5.3% in November. House prices grew 4.5% in Wales and a 3.6% rise seen in Scotland.

On a regional basis, London remained the region with the highest average house price at GBP 482,000, followed by the South East and the East of England.

On a monthly basis, house prices edged up 0.1% in November.

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