You are here: Home - News -

UK house price growth outstrips London rate

  • 16/06/2015
  • 0
London house price growth slowed to 4.3% over the year to April 2015 compared to 5.5% across the UK over the same period, official figures show.

Annual house price growth in London fell to the lowest rate since October 2012 and down from 11.2% in the year to March 2015, according to the Office for National Statistics’ latest house price index.While annual price growth also dropped dramatically across the UK in April, increases still surpassed those seen in London. The East and the South East led increases in house prices across England, which climbed by 9.6% and 8.4% respectively.

House price annual inflation stood at 5.8% in England, 1.3% in Wales, 2.2% in Scotland and 8.8% in Northern Ireland in April.

First-time buyers were worse off in the housing market in April, with prices 5.8% higher on average, compared to 5.4% for homemovers.

Guy Meacock, head of the London office of buying agency Prime Purchase, said: “April’s data is now slightly irrelevant – the interesting thing will be to see how the market will perform in coming months. From our perspective there hasn’t been an immediate recovery although it does feel like a more balanced and even market, with the return of the domestic buyer in prime central London.

“There is an underlying greed to the sales market in London in particular. Many vendors have jumped on the idea that they should put the price up of their home because of the election result and yet it continues to be unsold.”


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Buy to let is not a secure retirement option – Waterson

If the litmus test for retirement income was security and peace of mind, then buy-to-let investment would not pass.