UK house prices in September were 11.8% higher than a prior year, their biggest annual increase starting June.
- Data from the Office for National Statistics showed that the increase was the second-largest in over 15 years after posting a 12.6% increase in June.
- On a seasonally adjusted basis, the average UK house prices jumped 2.6% between August and September 2021, after an increase of 3.5% in the prior month.
- Average house prices jumped over the year by 11.5% in England, 15.4% increase in Wales, 12.3% increase in Scotland, and 10.9% in Northern Ireland.
- September was the last month of the short-term government program to reduce property purchase taxes to support housing activities during COVID-19.
The lowest annual growth was reported in London, when average prices rose by 2.8%, down from 6.7% in August.
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Source: Office for National Statistics