UK average house prices increase 6.7 percent in the year to December 2015

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According to the Office for National Statistics datas, UK average house prices increased by 6.7% over the year to December 2015, down from 7.7% in the year to November 2015 . The average UK mix-adjusted house price in December 2015 was £288,000.

In December 2015, the UK mix-adjusted house price index decreased by 0.4% to 220.8 from record
levels witnessed in November 2015. Despite the monthly decrease, the UK index is still 19.0% higher than the pre-economic downturn peak of 185.5 in January 2008.

During the year to December 2015, average house prices increased by 7.3% in England (down from 8.3% in the year to November 2015), 1.0% in Wales (down from 1.4%) and 1.5% in Northern Ireland (up from 0.9%). There was a 0.2% decrease in average house prices in Scotland (down from a 1.2% increase in the year to November 2015).

Source: http://www.ons.gov.uk/

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