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Mar 23, 2022 · The average UK house price was £274,000 in January 2022, which is £24,000 higher than this time last year. Average house prices increased over the year; in England to £292,000 (9.4%), in Wales to...
Aug 30, 2024 · UK house prices rise at fastest pace since late 2022. Mortgage approvals reach highest level since market was hit by Liz Truss’s mini-Budget. Nationwide’s house price index rose 2.4%...
- Joshua Oliver
- Revision Policy
- Hm Land Registry (HMLR) Transactions
- Sales Volumes
- Data Sources
- Quality and Methodology
It takes time for property transactions to be processed following purchase completion, so transaction volumes available for use in the UK HPI build over time. Each month, as more transactions are processed and more data become available for a given month, UK HPI estimates are revised. Therefore, caution is advised when interpreting price changes in...
In recent periods, the total transaction volumes available to calculate UK HPI estimates for the latest months have been lower than historically (see UK HPI Quality and Methodology Information (QMI) Section 2.2: Accuracy). This has arisen from a combination of total transaction volumes in England and Wales falling over the past year (HM Revenue and...
Sales are only available for inclusion in the UK HPI after property purchases have been registered (or submitted for registration in Scotland), so are based on completed sales rather than advertised or approved prices. Registration takes time, so there can be a delay before transactions feed into UK HPI estimates. Estimates for the most recent mont...
The main sources of data used in the UK are HMLR for England and Wales, Registers of Scotland, and HMRC's Stamp Duty Land Tax data for the Northern Ireland HPI.
From 20 December 2023's publication, a change was made to how property transactions for Great Britain with a missing Acorn classification are used in the regression model. This methodology improvement increases UK coherence and improves the quality of UK HPI statistics. More information is available in the UK HPI Quality and Methodology Information...
Aug 17, 2022 · At the country level, the largest annual house price growth in the year to June 2022 was recorded in Scotland, where house prices increased by 11.6%. Wales saw houses prices increase by 8.6% in...
- The average price of a property in the UK was £286,397 The annual price change for a property in the UK was 7.8% The monthly price change for a pro...
- UK house prices increased by 7.8% in the year to June 2022, down from 12.8% in May 2022. On a non-seasonally adjusted basis, average house prices i...
- 3.1 Annual price changeAnnual price change for UK by country over the past 5 years Download this chart’s data (CSV, 1KB) Average house prices in th...
- The amount of time between the sale of a property and the registration of this information varies. It typically ranges between 2 weeks and 2 months...
- Transactions involving the creation of a new register, such as new builds, are more complex and need more time to process. This means they can take...
- First time buyer and former owner occupierFor Great Britain only, Northern Ireland data is not available for buyer status. Type of buyer Average pr...
- Cash and mortgageFor Great Britain only, Northern Ireland data is not available for funding status. Funding status Average price June 2022 Monthly...
- Between January and March 2022, there were 177,997 property sales.The most popular price range for: England was £150,000 to £174,999 – 10,317 prope...
- Download the data as CSV files or access it with our UK HPI tool.Data revisionsView any revisions to previously published data in the data download...
- The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Find out about...
Consistent price increases since early 2022 have resulted in a record average house price level in the UK of £296,000 in August 2022. The annual growth rate for average UK house...
Feb 15, 2023 · House price annual growth was strongest in the East Midlands where prices increased by 12.3% in the 12 months to December 2022. The lowest annual growth was in Scotland, where prices increased...
Jan 18, 2023 · Average house prices in England increased by 10.9% in the year to November 2022, increasing faster than average UK house prices (10.3%) and down from 13.0% in the year to October 2022.
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