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Tuesday, 22nd April 2014

UK: House Price Index, February 2014

Source: Office for National Statistics (UK)

Key Findings:

UK house prices increased by 9.1% in the year to February 2014, up from 6.8% in the year to January 2014.

House price annual inflation grew by 9.7% in England, 5.3% in Wales, 2.4% in Scotland and 2.8% in Northern Ireland.

House price growth is increasing strongly across most parts of the UK, with prices in London again showing the highest growth.

Annual house price increases in England were driven by rises in London (17.7%), the South East (8.0%) and the East of England (7.7%).

Excluding London and the South East, UK house prices increased by 5.8% in the 12 months to February 2014.

On a seasonally adjusted basis, average house prices increased by 1.9% between January and February 2014.

In February 2014, prices paid by first-time buyers were 10.5% higher on average than in February 2013. For owner-occupiers (existing owners), prices increased by 8.6% for the same period.

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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

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