- Prior 6.8%
Annual prices regionally
- England 9.7% vs 7.1% in Jan y/y
- Wales 5.3% vs 6.9% prior
- Scotland 2.4% vs 1.4% prior
- Northern Ireland 2.8% vs 2.7% prior
- London 17.7% vs 13.2% prior
- South East 8.0% vs 7.1% prior
- East of England 7.7%
We’re likely to see prices push up in the next few months as spring is generally house buying season. If the gains continue into the summer then we could start seeing the BOE ramp up rhetoric on prices and making noises about reigning them in.
Looking at the chart we’re not far off pre-crisis levels.
UK HPI 15 04 2014
