But prices for new properties were 7.7% higher on average than a year earlier whilst prices for pre-owned dwellings decreased by 0.9%. The seasonally adjusted index was 5.5% below the recent peak of April 2008 and 9.8% above the recent trough of April 2009.
During the year to November average house prices decreased in England by 0.1%, in Wales by 1.6%, in Scotland by 0.8% and in Northern Ireland by 11.7%.
Average house prices decreased in six of the nine English regions over the year to November 2011. The largest decrease was in the North West, down 3.3%, while the smallest was in the South East, down 0.3%. London registered an annual house price increase of 3.2%.
Over the month to November five regions saw average price increases ranging from 1.8% in the North East to 0.2% in the North West. Average monthly house prices fell in the other four regions including London which was down 0.2%.
Average mix-adjusted house prices in November stood at £213,668 in England, £146,812 in Wales, £160,602 in Scotland and £135,402 in Northern Ireland.
London remains the English region with the highest average house price at £346,123, whilst the North East has the lowest average price at £133,230.
In England, southern regions including London and the South East all had average prices above the UK average in November. Excluding London and the South East, the average UK price in November was £169,063, a decrease of 1.5% over the year.
The average price for properties bought by first time buyers increased by 0.7% to £152,423 over the year to November 2011, compared to an annual increase of 0.4% in October. During November prices paid by first time buyers increased by 0.3% on average compared to no monthly change in the average prices paid by first time buyers in the same period last year.
The average price of properties bought by former owner occupiers decreased by 0.7% to £238,699 over the year to November 2011 which is similar to the change in average prices of properties bought in the year to October.
During November prices paid by former owner occupiers decreased by 0.1% on average, compared to no monthly change in the average prices of properties bought in the same period last year.
The average price for pre-owned dwellings decreased by 0.9% to £206,222 over the year to November, compared to an annual decrease of 1.2% in October. During November 2011 prices paid for pre-owned dwellings increased by 0.1% on average, compared to a 0.2% monthly decrease during the same period last year.
The average price paid for new properties increased by 7.7% to £200,399 over the year to November, compared to an annual increase of 12.1% in October. During November 2011 prices paid for new properties decreased by 0.3% on average, compared to a monthly increase of 3.8% in November last year. Month on month price changes in new build properties tend to be more volatile, reflecting low transaction levels.
