UK house price rises accelerate

22nd May 2015

UK house prices accelerated with a 9.6% increase in the year to the end of March, according to the Office for National Statistics. The annual rate of increase accelerated from 7.4% a month earlier, despite consumer prices in general being flat. A lack of homes on the market has been cited as a key factor behind the rise, at a time when activity was expected to have been curtailed by the election campaign. The ONS said that the cost of the average UK home in March was £273,000, and £498,000 in London.

BBC News (19/05/2015)