The cost of property continues to rise, with the average UK house price reaching £226,071, an increase of 5.1% annually. Northern Ireland saw the biggest increase compared to the rest of the UK, with house prices rising by 6% over the year to November, reaching £132,169 on average, according to data from the Office for National Statistics.

The area showing the largest annual growth in England was Cambridge, where house prices increased by 16.4% to reach £461,890 on average.

Average prices in London fell -10.9%, but still remained at £729,134. The property markets in Manchester, Liverpool and Birmingham remained buoyant, with rises of 12.7%, 10.8% and 7.8% respectively. Scotland saw average house prices increase by 3.6% to reach £145,992. Residents of West Dunbartonshire have seen a 10.3% increase in their average house prices, to reach £106,216, while Na h-Eileanan Siar registered the sharpest fall north of the border, a -11.3% decrease to an average of £93,553.

The market in Edinburgh remains strong, with the average price rising 8% to £246,508. By contrast, prices in Aberdeen continue to fall, with the average property now costing £163,489, down 4.2% on last year.

 

 

 

 

 

 

 

 

 

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland.