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.

This statistic shows the average house prices in London, United Kingdom (UK), from 2013 to 2019. The average house price in the capital increased to over *** thousand British pounds by 2019.

This statistic shows the average house prices in rural and urban areas in the United Kingdom (UK) from September 2012 to August 2013. In the 12 months to August 2013, a rural house in Great Britain cost on average 206,423 British pounds (GBP) in comparison with an urban house that cost 182,710 GBP during the same period.

The Nationwide average UK house price increased overall during the period under observation, reaching 313,238 British pounds in the second quarter of 2025. This was a significant increase from the same period in the previous year, when the average newly built house cost 298,236 British pounds.

This dataset contains the ratio of lower quartile/median house price to lower quartile/median earnings in England This dataset uses the median/lower quartile house price data sourced from ONS House Price Statistics for Small Areas (HPSSA) statistical release for years 2013-2015 and house price data sourced directly from Land Registry prior to 2013. This leads to slight differences in the distribution of affordability ratios before and after 2013 which should be noted if the dataset is used as a time series. It is planned to update the ratios with the HPSSA dataset for all years in the future. The house price data is then compared to the median/lower quartile income data of full time workers from the Annual Survey of Hours and Earnings (ASHE) produced by the ONS. This data was derived from Table 576 and 577, available for download as an Excel spreadsheet from the Live tables page (https://www.gov.uk/government/statistical-data-sets/live-tables-on-housing-market-and-house-prices). More details about the data sources are also available in the link provided.

This table shows the average House Price/Earnings ratio, which is an important indicator of housing affordability. Ratios are calculated by dividing house price by the median earnings of a borough. The Annual Survey of Hours and Earnings (ASHE) is based on a 1 per cent sample of employee jobs. Information on earnings and hours is obtained in confidence from employers. It does not cover the self-employed nor does it cover employees not paid during the reference period. Information is as at April each year. The statistics used are workplace based full-time individual earnings. Pre-2013 Land Registry housing data are for the first half of the year only, so that they are comparable to the ASHE data which are as at April. This is no longer the case from 2013 onwards as this data uses house price data from the ONS House Price Statistics for Small Areas statistical release. Prior to 2006 data are not available for Inner and Outer London. The lowest 25 per cent of prices are below the lower quartile; the highest 75 per cent are above the lower quartile. The "lower quartile" property price/income is determined by ranking all property prices/incomes in ascending order. The 'median' property price/income is determined by ranking all property prices/incomes in ascending order. The point at which one half of the values are above and one half are below is the median. Regional data has not been published by DCLG since 2012. Data for regions has been calculated by the GLA. Data since 2014 has been calculated by the GLA using Land Registry house prices and ONS Earnings data. Link to DCLG Live Tables An interactive map showing the affordability ratios by local authority for 2013, 2014 and 2015 is also available.

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.

Interactive house price explorer showing trends in median house prices and sale counts for local authorities between 1995 and 2013

European Union House Price Index: Existing Dwellings: EU 27 excl UK data was reported at 153.400 2015=100 in Dec 2024. This records an increase from the previous number of 152.420 2015=100 for Sep 2024. European Union House Price Index: Existing Dwellings: EU 27 excl UK data is updated quarterly, averaging 109.210 2015=100 from Dec 2009 (Median) to Dec 2024, with 61 observations. The data reached an all-time high of 153.400 2015=100 in Dec 2024 and a record low of 96.690 2015=100 in Mar 2013. European Union House Price Index: Existing Dwellings: EU 27 excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.EB001: Eurostat: House Price Index: 2015=100.

Land Registry Price Paid Data (PPD) have been published as open data since 2013. These data have been transformative for house price variation research in the UK as they are a comprehensive record of residential transactions at address level and cover the whole of England and Wales over a period dating back to 1995. Despite the utility of these data, a lack of attribute information relating to the properties, such as total floor area information, is identified as one of the major shortcomings of the PPD data. This means that the impacts of stock mix on broader price patterns cannot be fully accounted for. This research outlines one approach which addresses this deficiency by combining transaction information from the official open Land Registry Price Paid Data (PPD) with property size information form the official open Domestic Energy Performance Certificates (EPCs). A four-stage data linkage is created to generate a new linked dataset, representing 79% of the full market sales in the Land Registry PPD. This new linked dataset details 5,732,838 transactions in England and Wales between 2011 and 2019, along with each property's total floor area and the number of habitable rooms. Codes for other commonly used spatial units from Output Area to Local Authority are also included in the dataset. This offers greater flexibility for the exploration of house price variation in England and Wales at different spatial scales. The data collection includes the scripts used for linkage, as well as the resulting dataset.

Current residential house price variation research in the UK is limited by lack of an open and comprehensive house price database that contains both transaction price alongside dwelling attributes such as size. This research outlines one approach which addresses this deficiency in England and Wales through combining transaction information from the official open Land Registry Price Paid Data (PPD) and property size information form the official open Domestic Energy Performance Certificates (EPCs). A four-stage data linkage is created to generate a new linked data, representing 79% of the full market sales in Land Registry PPD. This new linked dataset offers greater flexibility for the exploration of house price (house price per square metre) variation in England and Wales at different spatial scales over postcode unit between 2011 and 2019.

Data relating to the price of houses sold in the Glasgow Area from the years 1991 - 2013. Field names are explained in the Data Dictionary file. Data is reproduced with the kind permission of Stenico Data Services Ltd. Some elements of the dataset are derived from information produced by Registers of Scotland. To access this and other datasets go to Scottish property information service The House Price Master CSV file contains about 250,000 records, and covers the years 1991 - 2013. Dataset cannot be opened with some popular office spreadsheet packages which are limited to opening files with 65000 or 130000 records. The House Price Master file has been split into a number of CSV files that each represent one individual year of House Sales with corresponding prices for the Glasgow area. Licence: None house-sales-1990-2013.txt - https://dataservices.open.glasgow.gov.uk/Download/Organisation/de0f1bfc-ed16-429a-b03c-6a63a178efb1/Dataset/e2929d6b-bb11-4b4b-a961-5461a0661930/File/b2b286de-c38e-4380-b14c-9a2213d26a3e/Version/027fa1e8-4297-4fec-a3a5-387606b9cbb5

This statistic shows the house price forecasts for England and London from 2013 to 2020. In 2020, the estimated house price for home in London is 647,500 British pounds (GBP).

Average price (median) of houses sold by dwelling type for parliamentary constituencies, 1995–2013. Machine readable CSV

Data relating to the price of houses sold in the Glasgow Area from the years 1991 - 2013.Some elements of the dataset are derived from information produced by Registers of ScotlandCLASS Administrative Classification onlySTNO Street NumberSTnu Street NumberFLATPOSN Flat PositionSTNAME Street NamePOSTCODE Post CodeMONTH OF SALE Month of SaleYEAR OF SALE (CALENDAR) YEAR OF SALE (CALENDAR)YEAR OF SALE (BUSINESS) YEAR OF SALE (BUSINESS)MONTH AND YEAR MONTH AND YEARQUARTER_(CALENDAR) QUARTER_(CALENDAR)ACTUAL PRICE AT POINT OF SALE Actual Price RPI Retail Price Index - Published every month and available for the last 20 yearsDEFLATOR Figure used to to determine change in house prices over time - calculated fromthe Retail Price Index and other dataPRICE CONSTANT AT July 2013 Actual Price multiplied by the Deflator. This is the price if RPI is applied to original sale price - How much would the property be valued at now. ORIGINOFBUY Council area or Country where the buyer comes fromOMIT OR USE Oroginal data also included retail and commercial data. - Not reproduced hereNEWBUILD OR RESALE Is it a newbuild house or a resaleLHF Local Housing Forum Area

HM Land Registry’s Price Paid Data records and tracks property sales in England and Wales as submitted to HM Land Registry for registration. The dataset contains single residential properties sold for value since 1995, and since 2013 includes transfers under power of sale/repossessions, buy-to-lets (where identifiable by Mortgage type) and transfers to non-private individuals. The dataset is subject to certain exclusions. It is available for download as single, monthly or yearly files

Average price (median) of houses sold by dwelling type for local authorities, 1995–2013. Machine readable CSV