UK house prices rose 1.7 per cent in November

UK house prices were 0.6 per cent higher than in November 2008 and 1.7 per cent higher than in October 2009, according to latest figures from the Department for Communities and Local Government (DCLG).

The mix-adjusted average house price in the UK stood at £200,454 in November 2009.

UK house prices rose by 3.5 per cent in the quarter ending November 2009. This compares with a smaller rise of 2.6 per cent for the quarter ending August 2009.

Annual average house prices rose in England (0.6 per cent), Scotland (2.4 per cent) and Wales (2.2 per cent), but fell in Northern Ireland (-11.6 per cent).

Annual average house prices paid by first time buyers in November 2009 were 3.9 per cent higher than a year ago. By comparison average house prices paid by former owner occupiers were 0.7 per cent lower.

Annual average house prices paid for new properties in November 2009 were 0.4 per cent higher than a year ago and average house prices paid on pre-owned dwellings were 0.7 per cent higher.