UK house prices accelerate by 7.7% in November
- Published
House prices across the UK accelerated in the year to November, rising 7.7%, according to the Office for National Statistics (ONS).
In the year to October, prices increased by 7%.
The East of England continued to see the sharpest increase, at 10.2%, with London and the South East seeing rises of 9.8%.
Prices in Scotland and the North East of England saw the slowest growth, at just 0.4%, the ONS said, external.
The average cost of a home rose to £288,000, a new record.
Separate figures from the Land Registry for England and Wales only showed that prices rose by 6.4% in 2015.
They put the average cost of a house or flat at £188,270.
Unlike the ONS, Land Registry figures include homes bought with cash, so are thought to provide a fuller picture of the market.
Earlier this month, the UK's largest lender, the Halifax, said prices rose by 9.5% in 2015, the fastest rise since 2006.
The Nationwide estimated that the rise was much smaller - just 4.5%.
The difference between house price surveys is explained here.
