Summary of UK House Price Index (HPI) price statistics covering England, Scotland, Wales and Northern Ireland. Full UK HPI data are available on GOV.UK.

Annual house price data based on a sub-sample of the Regulated Mortgage Survey.

In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in June 2025, prices reached a new peak, with the average home costing ******* British pounds. This figure refers to all property types, including detached, semi-detached, terraced houses, and flats and maisonettes. Compared to other European countries, the UK had some of the highest house prices. How have UK house prices increased over the last 10 years? Property prices have risen dramatically over the past decade. According to the UK house price index, the average house price has grown by over ** percent since 2015. This price development has led to the gap between the cost of buying and renting a property to close. In 2023, buying a three-bedroom house in the UK was no longer more affordable than renting one. Consequently, Brits have become more likely to rent longer and push off making a house purchase until they have saved up enough for a down payment and achieved the financial stability required to make the step. What caused the recent fluctuations in house prices? House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. For nearly a decade, the UK experienced uninterrupted house price growth as a result of strong demand and a chronic undersupply. Homebuyers who purchased a property at the peak of the housing boom in July 2022 paid ** percent more compared to what they would have paid a year before. Additionally, 2022 saw the most dramatic increase in mortgage rates in recent history. Between December 2021 and December 2022, the **-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.

Median price paid for residential property in England and Wales, by property type and administrative geographies. Annual data.

House prices in the UK rose dramatically during the coronavirus pandemic, with growth slowing down in 2022 and turning negative in 2023. The year-on-year annual house price change peaked at 14 percent in July 2022. In April 2025, house prices increased by 3.5 percent. As of late 2024, the average house price was close to 290,000 British pounds. Correction in housing prices: a European phenomenon The trend of a growing residential real estate market was not exclusive to the UK during the pandemic. Likewise, many European countries experienced falling prices in 2023. When comparing residential property RHPI (price index in real terms, e.g. corrected for inflation), countries such as Germany, France, Italy, and Spain also saw prices decline. Sweden, one of the countries with the fastest growing residential markets, saw one of the largest declines in prices. How has demand for UK housing changed since the outbreak of the coronavirus? The easing of the lockdown was followed by a dramatic increase in home sales. In November 2020, the number of mortgage approvals reached an all-time high of over 107,000. One of the reasons for the housing boom were the low mortgage rates, allowing home buyers to take out a loan with an interest rate as low as 2.5 percent. That changed as the Bank of England started to raise the base lending rate, resulting in higher borrowing costs and a decline in homebuyer sentiment.

After a period of rapid increase, house price growth in the UK has moderated. In 2025, house prices are forecast to increase by ****percent. Between 2025 and 2029, the average house price growth is projected at *** percent. According to the source, home building is expected to increase slightly in this period, fueling home buying. On the other hand, higher borrowing costs despite recent easing of mortgage rates and affordability challenges may continue to suppress transaction activity. Historical house price growth in the UK House prices rose steadily between 2015 and 2020, despite minor fluctuations. In the following two years, prices soared, leading to the house price index jumping by about 20 percent. As the market stood in April 2025, the average price for a home stood at approximately ******* British pounds. Rents are expected to continue to grow According to another forecast, the prime residential market is also expected to see rental prices grow in the next five years. Growth is forecast to be stronger in 2025 and slow slightly until 2029. The rental market in London is expected to follow a similar trend, with Outer London slightly outperforming Central London.

Median price paid for residential property in England and Wales by property type and electoral ward. Annual data.

This file includes a derived back series for the new UK HPI. Under the UK HPI, data is available from 1995 for England and Wales, 2004 for Scotland and 2005 for Northern Ireland. A longer back series has been derived by using the historic path of the Office for National Statistics HPI to construct a series back to 1968.

Average monthly House Prices (£) for Lincolnshire and Districts. The data shows prices for the following House types: All Houses, Detached, Semi-detached, Terraced, and Flat/maisonette. House Prices shown are based on Land Registry methodology. This dataset is updated on a monthly basis for a rolling 12 month period. Historical data is subject to revision. Source: Land Registry, UK House Price Index statistics. Copyright and licensing: Contains HM Land Registry data © Crown copyright and database right [year]. This data is licensed under the Open Government Licence v3.0.

Median price paid for residential property in England and Wales, for all property types by lower layer super output area. Annual data..

The UK House Price Index (UK HPI) is an official statistic that captures changes in the value of residential properties in the United Kingdom. The UK HPI is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Data for the UK House Price Index is provided by HM Land Registry, Registers of Scotland, Land & Property Services Northern Ireland and the Valuation Office Agency. Geographic coverage England, Scotland, Wales and Northern Ireland License statement UK HPI data is published under Open Government Licence. When using or publishing data from the UK HPI reports, background tables in the statistical datatset: UK House Price Index: data downloads or search tool, you will need to add the following attribution statement: Contains HM Land Registry data © Crown copyright and database right [year of supply or date of publication]. This data is licensed under the Open Government Licence v3.0. When you publish the data, be sure to include information about the nature of the data and any relevant dates for the period of time covered. Neither HM Land Registry nor any third party shall be liable for any loss or damage, direct, indirect or consequential, arising from: any inaccuracy or incompleteness of the data in the UK HPI any decision made or action taken in reliance upon the data Neither shall HM Land Registry or any third party be liable for loss of business resources, lost profits or any punitive indirect, consequential, special or similar damages whatsoever, whether in contract or tort or otherwise, even if advised of the possibility of such damages being incurred.

Summary statistics for housing transactions by local authority in England and Wales, on an annual basis, updated quarterly using HM Land Registry Price Paid Data. Select values from the Year and Month dimensions for data for a 12-month period ending that month and year (e.g. selecting June and 2018 will return the twelve months to June 2018).

Affordability ratios calculated by dividing house prices by gross annual residence-based earnings. Based on the median and lower quartiles of both house prices and earnings in England and Wales.

🇬🇧 영국 English The UK House Price Index (UK HPI) captures changes in the value of residential properties. The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. For more information, please read the Land Registry's documentation: https://www.gov.uk/government/publications/about-the-uk-house-price-index/about-the-uk-house-price-index From February 2025, the UK House Price Index has been re-referenced from January 2015 to January 2023. Historical data from 1995 onwards has also been revised to align with this update. These changes reflect market shifts, including an increase in sales of smaller properties and fewer sales in higher-value areas like London. For more details, see the UK HPI publication for more information - https://www.gov.uk/government/collections/uk-house-price-index-reports

Annual house price inflation, simple and mix-adjusted average house prices, by dwelling, type of buyer, number of transactions, mortgage advances, distribution of borrowers' ages/incomes, interest rates, land prices, average valuations, Land Registry data

The UK housing market continued to show significant regional variations in 2025, with London maintaining its position as the most expensive city for homebuyers. The average house price in the capital stood at ******* British pounds in February, nearly double the national average. However, the market dynamics are shifting, with London experiencing only a modest *** percent annual increase, while other cities like Belfast and Liverpool saw more substantial growth of over **** percent respectively. Affordability challenges and market slowdown Despite the continued price growth in many cities, the UK housing market is facing headwinds. The affordability of mortgage repayments has become the biggest barrier to property purchases, with the majority of the respondents in a recent survey citing it as their main challenge. Moreover, a rising share of Brits have reported affordability as a challenge since 2021, reflecting the impact of rising house prices and higher mortgage rates. The market slowdown is evident in the declining housing transaction volumes, which have plummeted since 2021. European context The stark price differences are mirrored in the broader European context. While London boasts some of the highest property prices among European cities, a comparison of the average transaction price for new homes in different European countries shows a different picture. In 2023, the highest prices were found in Austria, Germany, and France.

A quarterly index providing a measure of change in the price of a standardised residential property sold in NI. The index is presented for each quarter from Q1 (January-March) 2005.