House prices remain stable, says ONS survey
According to the latest House Price Index from the Office for National Statistics, UK house prices increased by 2.7% in the 12 months to March 2013 up from a 1.9% increase in the 12 months to February 2013.
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The year-on-year increase reflected growth of 3.0% in England and 1.2% in Wales, which were offset by declines of 1.7% in Scotland and 2.0% in Northern Ireland.
Annual house price increases in England were driven by a 7.6% rise in London and a 3.3% increase in the South East.
Excluding London and the South East, UK house prices increased by 0.6% in the 12 months to March 2013. On a seasonally adjusted basis, UK house prices increased by 0.4% between February and March 2013.
In March 2013, prices paid by first-time buyers were 1.3% higher on average than in March 2012. For owner-occupiers (existing owners) prices increased by 3.2% for the same period.
Get all the tables for this publication in the data section of this publication .
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