
The ONS data shows the pace of house price growth remains strong with London higher by 9.8% ahead of the UK average.
The ONS data shows the pace of house price growth remains strong with London higher by 9.8% ahead of the UK average.
Property prices are up 9.5% in the year and a further decline in the number of homes for sale will keep the an upward pressure on prices.
UK house sales were 8% lower in 2015 over the year with London and majority of towns leading the way.
A study produced by the CEBR for estate agent associations shows UK house prices are expected to rise by 50% in the next ten years.
Property prices in the UK have increased 7.0% over the year to October with an average price of £287,000 according to the ONS.
The Halifax data shows house prices are up 1.4% on the quarter despite a fall last month and is expected to rise strongly.
Homebuyers in London are to benefit as the government improves Help to Buy and removes restrictions for Shared Ownership scheme.
People struggling to buy their first home are given a helping hand with the Help to Buy Isa free from tax and up to 4% interest.
Halifax report shows house price growth increased year on year to October of 9.7% due to improving economic conditions.
House prices in the UK are up 3.9% for the year and homeowners are biased toward fixed rate mortgages ahead of an interest rate rise.