Date issued: 1 Nov 2005

AUTUMN REBOUND FOR HOUSE PRICES

• House prices increased by 1.3 % in October bringing the annual growth rate to 3.3%
• October’s increase reverses the falls seen in August and September
• August’s interest rate cut seems to be key to the boost in activity and prices
• But consumers’ expectations of house prices are consistent with a market adjusting to sustainable levels

Headlines	October 2005	September 2005
Monthly index* Q1 '93 = 100	314.6	310.5
Monthly change*	1.3%	-0.2%
Annual change	3.3%	1.8%
Average price	157,107	£156,517

* seasonally adjusted

For further information please see this month's full report (PDF - 45KB)