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House Prices Up 12.1% In A Year, Says Ons

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http://www.bbc.co.uk/news/business-30094813

House price growth picked up to 12.1% in the year to the end of September, official figures show, despite other surveys suggesting a slowdown.

The rate increased from 11.7% year-on-year growth the previous month, the Office for National Statistics said, with prices rising fastest in London.

There was an 18.8% annual rise in prices in London, the statistics show.

Publication of the data coincides with figures showing the latest increase in the cost of living.

The Consumer Prices Index (CPI) measure of inflation was up slightly, rising to 1.3% in October compared with 1.2% in September.

Great news for those with hard working houses. A pity we can't see type of productivity growth from actual workers.

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The ONS always seem to be about 50% above all the other indicies. The Govenment comes out with two house price indicies...one the Land Registry says prices haven't moved at all, the other says we are in a raging boom. Trust the Government to confuse matters.

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The ONS always seem to be about 50% above all the other indicies. The Govenment comes out with two house price indicies...one the Land Registry says prices haven't moved at all, the other says we are in a raging boom. Trust the Government to confuse matters.

ONS is an HPI cheerleader of some renown.

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ONS is an HPI cheerleader of some renown.

Yes. I'm sure that their last report forecasting future "growth" of house prices was caveated with some small print that it was not something gleaned from data but basically the opinions of their researchers.

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