What is the average uk house prices

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Log in Try for free. Average house prices - UK House price. Annual house price change by English region Annual change. Average house prices - South East England House price. Average house prices - South West England House price. Average house prices - East Midlands House price. Average house prices - West Midlands House price. Average house prices - East England House price. Average house prices - Yorkshire and The Humber House price. Average house prices - North East England House price.

Average house prices - North West England House price. Limit reached Sorry, you've reached your monthly search limit. Upgrade your account today for more searches! Transparent data promise Where does the raw data come from? Property listings seen on rightmove.

Single Accounts Corporate Solutions Universities. Premium statistics. Read more. House prices are affected by multiple factors, such as mortgage rates , supply, and demand on the market. If demand outweighs supply, house prices tend to go up. Cost of housing The beginning of saw the lowest prices for houses in the UK with an average of Since January , the average house price has been steadily increasing.

As the market stands as of June , the average house price was approximately , British pounds, up from , British pounds in June This was some of the highest house price change registered.

Cost of renting For those who do not own or are currently purchasing a home with a mortgage, an alternative to home buying is renting, something which is particularly prevalent for big cities , where demand for affordable residential real estate is high. More in-depth information on the topic can be found in the Statista dossier about home purchases in the UK and Statista dossier on real estate in the UK.

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UK average house prices increased by London continues to be the region with the lowest annual growth 6. The latest house price data published on GOV. Because of the impact of the coronavirus COVID pandemic on both the number and supply of housing transactions, we might see larger revisions to the published House Price Index HPI estimates than usual.

Although the number of processed transactions feeding into the UK HPI has improved over recent months, the monthly property transactions statistics published by HM Revenue and Customs show that the number of transactions in June was the highest on record, resulting in a reduction in the proportion of transactions available for the June estimate compared with previous months.

As a result, there may be increased volatility in this month's estimates, particularly at the lower geographical levels where transaction volumes are smaller. Figure 1: June saw UK house price growth rise to Download this chart Figure 1: June saw UK house price growth rise to The latter half of saw the UK's average house price growth accelerating.

On 8 July , the Chancellor of the Exchequer announced a suspension of the tax paid on property purchases with immediate effect in England and Northern Ireland. The suspension came into effect slightly later, on 15 July in Scotland and 27 July in Wales.

These changes in the tax paid on housing transactions may have allowed sellers to request higher prices as the buyers' overall costs are reduced. From 1 October , the Stamp Duty thresholds will revert to what they were before 8 July The tax holiday for Scotland ended on 31 March The tax holiday in Wales ended on 30 June As the tax breaks were originally due to conclude at the end of March , it is likely that March's average house prices were slightly inflated as buyers rushed to ensure their house purchases were scheduled to complete ahead of this deadline.

This effect has been further exaggerated in June , in line with the extension to the holiday on taxes paid on property purchases in England, Wales and Northern Ireland. We publish this data in linked data format, aiming for five-star rating. We have included some example queries with the form, and you can generate output in a variety of different formats. Due to Government changes to the local authority, a local authority geography change was made in the November release release date 20 January The change is in line with the updates given by ONS Geography.

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