UK House Price Inflation Highest Since October 2014

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UK house price inflation accelerated in December to its highest level in over six years, official data showed Wednesday.

The house price index rose 8.5 percent year-on-year following a 7.1 percent increase in November, the Office for National Statistics said. The rate of inflation was the highest since October 2014.

The average house price hit a record high GBP 252,000 in December.

On a seasonally adjusted basis, average house prices rose 1.3 month-on-month in December following an increase of 1.2 percent in the previous month.

The material has been provided by InstaForex Company – www.instaforex.com

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