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Mar 23, 2022 · UK average house prices increased by 9.6% over the year to January 2022, down from 10.0% in December 2021. The average UK house price was £274,000 in January 2022, which is £24,000...
Aug 30, 2024 · The UK recorded the fastest annual house price growth in August since late 2022, according to lender Nationwide, as cheaper mortgages continued to power a gradual recovery in the property...
- Joshua Oliver
Sep 6, 2024 · UK house prices rose at the fastest annual pace since 2022, according to the lender Halifax, as lower mortgage costs helped fuel a rebound in the property market. The average house price...
- Valentina Romei
- 1. Headline statistics for November 2022
- 2. Economic statement
- 3. Price change
- 4. Sales volumes
- 5. Property status
- 6. Buyer status
- 7. Funding status
- 8. Repossession sales volumes
- 9. Access the data
The average price of a property in England was £315,073
The annual price change of a property in England was 10.9%
The monthly price change of a property in England was -0.2%
The index figure for England (January 2015 = 100) was 155.3
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. The fastest growing region was the North West, with annual percentage change at 13.5% in the year to November 2022. The lowest annual percentage change was in London, where prices increased by 6.3% in the year to November 2022.
On a non-seasonally adjusted basis, average house prices in England decreased by 0.2% between October and November 2022, compared with an increase of 1.7% during the same period last year. On a seasonally adjusted basis, average house prices in England increased by 0.2% between October and November 2022.
Comparing the provisional volume estimate for September 2021 with the provisional volume estimate for September 2022, the volume of transactions increased by 31.4% in England and by 26.6% in the UK.
UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period), report that on a non-seasonally adjusted basis, the volume of transactions decreased by 34.1% in England in the year to September 2022. Buyers rushing to complete property sales before Stamp Duty Land Tax changes at the end of September 2021 led to transaction volumes sharply increasing in September 2021.
In England, terraced houses showed the largest annual percentage change out of all property types, increasing by 12.4% in the year to November 2022 to £259,000. Flats and maisonettes showed the lowest annual percentage change, which increased by 6.8% in the year to November 2022 to £254,000.
As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.
3.1 Annual price change
Annual price change for England and London over the past 5 years Download this chart’s data (CSV, 1KB) Average house prices in England increased by 10.9% in the year to November 2022, down from 13.0% in October 2022. In London, average house prices increased by 6.3% in the year to November 2022, down from 6.7% in October 2022. Annual price change by local authority for England Low numbers of sales transactions in some local authorities and London boroughs, such as City of London, can lead to volatility in the series. While we make efforts to account for this volatility, the change in price in these local levels can be influenced by the type and number of properties sold in any given period. Geographies with low number of sales transactions should be analysed in the context of their longer-term trends rather than focusing on monthly movements. Note: data for City of London for the months of July and August 2021 have been suppressed due to unusually low transaction numbers and the resulting impact on the quality of data. Download this table’s data (CSV, 12KB) Average price by local authority for England In November 2022, the most expensive area to purchase a property was Kensington and Chelsea, where the average cost was £1.3 million. In contrast, the cheapest area to purchase a property was Burnley, where the average cost was £120,000.
3.2 Annual price change by London borough
Download this table’s data (CSV, 2KB) Average price by London borough In November 2022, the most expensive borough to purchase a property was Kensington and Chelsea, where the average cost was £1.3 million. In contrast, the cheapest borough to purchase a property was Barking and Dagenham, where the average cost was £360,000.
3.3 Average price change by property type
Average price change by property type for England Download this table’s data (CSV, 1KB)
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 but can be longer. Volume figures for the most recent 2 months are not yet at a reliable level for reporting, so they are not included in the report. Published transactions for recent months will increase as later registered transactions are incorporated into the index.
Sales volume data is also available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions involving the creation of a new register, such as new builds, are more complex and require more time to process. Read Revisions to the UK HPI data for more information.
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 longer to appear in the land registers. The volume of new build transactions for the most recent 2 months are not at a reliable level for reporting the breakdown between new build and existing resold pr...
First time buyer and former owner occupier for England by region
Download this table’s data (CSV, 1KB)
Cash and mortgage indicator for England by region
Download this table’s data (CSV, 1KB)
Repossession sales volumes by government office region
Download the data for England and Wales (CSV, 7KB)
Data revisions
View any revisions to previously published data in the data downloads or find out more about revisions in our guidance About the UK HPI.
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...
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...
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What happened to the UK house price in 2021?
The annual growth rate for average UK house prices for August 2022 was 13.6%, compared with 16.0% in the year to July 2022 and 8.1% in the year to June 2022. This is driven by the volatility...
