UK house prices rose 1.4% in July

UK house prices were 8.3 per cent lower than in July 2008 but 1.4 per cent higher than in June 2009 (seasonally adjusted), according to the Department of Communities and Local Government (DCLG).

The mix-adjusted average house price in the UK stood at £196,338 in July 2009 (not seasonally adjusted).

UK house prices rose by 2.1 per cent in the quarter ending July 2009. This compares with a fall of 2.8 per cent for the quarter ending April 2009 (seasonally adjusted).

Annual average house prices fell in England (-8.4 per cent), Wales (-6.4 per cent), Scotland (-4.4 per cent) and Northern Ireland (-22.2 per cent).

Annual average house prices paid by first time buyers in July 2009 were 9.1 per cent lower than a year ago. By comparison average house prices paid by former owner occupiers were 8.0 per cent lower.

Annual average house prices paid for new properties in July 2009 were 12.6 per cent lower than a year ago. By comparison average house prices paid on pre-owned dwellings were 8.0 per cent lower.