• April HPI 9.9% y/y
  • England 10.7% vs 11.0% prior
  • Wales 3.5% vs 6.5% prior
  • Scotland (not for long
    ;-)
    ) 6.0% vs -0.7% prior
  • Northern Ireland 4.9% vs -0.7% prior

In the regions (y/y)

  • London 19.3% vs 20.1% prior
  • South East 9.7% vs 9.6% prior
  • East 7.9% vs 8.6% prior

First time buyer prices 12.0% vs 11.3% prior

A drop in prices overall and London sees a fall below 20%. The market has had time to digest the new BOU/FPC rules and that may start to be having an effect on prices. June is the first month that we would see any effects and we’ve already seen more recent data pointing to sharply falling house prices.

UK HPI 19 08 2014

UK HPI 19 08 2014