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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...
Mar 23, 2022 · Access the current UK House Price Index: reports. Reports for the UK House Price Index (UK HPI) for England, Scotland, Wales and Northern Ireland.
- HM Land Registry
- 1. Headline statistics for December 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 £315,119
The annual price change of a property in England was 10.3%
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 10.3% in the 12 months to December 2022, increasing faster than average UK house prices (9.8%) and down from 11.1% in the 12 months to November 2022. The fastest growing region was the East Midlands, with annual percentage change at 12.3% in the 12 months to December 2022. The lowest annual percentage change was in London, where prices increased by 6.7% in the 12 months to December 2022.
On a non-seasonally adjusted basis, average house prices in England decreased by 0.2% between November and December 2022, compared with an increase of 0.6% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in England decreased by 0.2% between November and December 2022.
Comparing the provisional volume estimate for October 2021 with the provisional volume estimate for October 2022, the volume of transactions increased by 131.1% in England and by 77.3% 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 increased by 36.8% in England in the 12 months to October 2022.
In England, semi-detached houses showed the largest annual percentage change out of all property types, increasing by 11.5% in the 12 months to December 2022 to £303,000. Flats and maisonettes showed the lowest annual percentage change, which increased by 7.8% in the 12 months to December 2022 to £257,000.
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 10.3% in the 12 months to December 2022, down from 11.1% in November 2022. In London, average house prices increased by 6.7% in the 12 months to December 2022, up from 6.4% in November 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 December 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 £118,000.
3.2 Annual price change by London borough
Download this table’s data (CSV, 2KB) Average price by London borough In December 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 £362,000.
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.
Feb 15, 2023 · The average UK house price rose 9.8% in the 12 months to December 2022, compared with a 10.6% rise in the 12 months to November 2022 and the recent annual peak of 14.2% in July 2022. These are...
Jan 18, 2023 · Average UK house prices increased by 10.3% in the year to November 2022, down from 12.4% in October 2022. The average UK house price was £295,000 in November 2022, which is £28,000 higher...
The Global House Price Index tracks the movement of average residential prices across 56 countries and territories worldwide. The index tracks nominal and real price growth in local currencies.
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Oct 17, 2022 · House Price Index • The average price of property coming to the market rises by 0.9% (+£3,398) in the month to a new record of £371,158: • This 0.9% rise is a softening from the five-year average rise in October of 1.2%
