The average house price for first-time homebuyers in the United Kingdom (UK) was 288,000 British pounds in 2023, down from 302,000 British pounds the year before. Most regions experienced a slight decline in 2023. The South East and London were the most expensive regions to buy a home, with the average house prices was 353,724 British pounds and, 492234 British pounds, respectively.

Average House Prices in the United Kingdom decreased to 298602 GBP in February from 298815 GBP in January of 2025. This dataset includes a chart with historical data for the United Kingdom Average House Prices.

The Nationwide average UK house price increased during the period under observation, reaching a value of over 265,000 British pounds as of the fourth quarter of 2022. The final quarter of 2022 saw the first quarterly decrease, after a three-year period of significant house price growth. The smallest house price for all houses in the UK during this period was found in the first quarter of 2011, when an average house price of approximately 162,400 British pounds was recorded.

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

This page is no longer being updated. Please use the UK House Price Index instead.

Mix-adjusted house prices, by new/pre-owned dwellings, type of buyer (first time buyer) and region, from February 2002 for London and UK, and average mix-adjusted prices by UK region, and long term Annual House Price Index data since 1969 for London.

The ONS House Price Index is mix-adjusted to allow for differences between houses sold (for example type, number of rooms, location) in different months within a year. House prices are modelled using a combination of characteristics to produce a model containing around 100,000 cells (one such cell could be first-time buyer, old dwelling, one bedroom flat purchased in London). Each month estimated prices for all cells are produced by the model and then combined with their appropriate weight to produce mix-adjusted average prices. The index values are based on growth rates in the mix-adjusted average house prices and are annually chain linked.

The weights used for mix-adjustment change at the start of each calendar year (i.e. in January). The mix-adjusted prices are therefore not comparable between calendar years, although they are comparable within each calendar year. If you wish to calculate change between years, you should use the mix-adjusted house price index, available in Table 33.

The data published in these tables are based on a sub-sample of RMS data. These results will therefore differ from results produced using full sample data. For further information please contact the ONS using the contact details below.
House prices, mortgage advances and incomes have been rounded to the nearest £1,000.
Data taken from Table 2 and Table 9 of the monthly ONS release.

Download from ONS website

The price of existing dwellings in the UK increased significantly between 1990 and 2023. Existing housing reached a value of 331,000 British pounds in 2023. That was slightly lower than the previous year, when house prices peaked, but a substantial increase since 2019 when prices started to rise rapidly. Overall, flats or maisonettes in converted houses were the most affordable housing type in the UK in 2023.

Mix-adjusted house prices, by new/pre-owned dwellings, type of buyer (first time buyer) and region, from February 2002 for London and UK, and average mix-adjusted prices by UK region.

The data published in these tables are based on a sub-sample of RMS data. These results will therefore differ from results produced using full sample data. For further information please contact the ONS using the contact details below.
House prices, mortgage advances and incomes have been rounded to the nearest £1,000.
Data taken from Table 2 and Table 9 of the monthly ONS release.
The weights used for mix-adjustment change at the start of each calendar year (i.e. in January). The mix-adjusted prices are therefore not comparable between calendar years, although they are comparable within each calendar year. If you wish to calculate change between years, you should use the mix-adjusted house price index, available in Table 33.

Download from ONS website

This repository is the second updated version of the attribute-linked residential property price dataset in UK Data Service ReShare 854240 (https://reshare.ukdataservice.ac.uk/854240/). As with the first updated version (ReShare 855033 https://reshare.ukdataservice.ac.uk/855033/) in 2021, this updated dataset contains individual property transactions and associated variables from both Land Registry Price Paid Dataset (LR PPD) and the Ministry for Housing, Communities and Local Government (MHCLG) Domestic Energy Performance Certificate (EPC) data. This is a linked result by address matching between LR-PPD data (1/1/1995-27/6/2022) and Domestic EPCs data (the twelfth version: ending with 30/6/2022). It is the whole of the 2022 update house price per square metre dataset published in the Greater London Authority (GLA) London Datastore (https://data.london.gov.uk/dataset/house-price-per-square-metre-in-england-and-wales).

The linked dataset in this repository is the uncorrected version, recording almost 20 million transactions with 106 variables in England and Wales between 1/1/1995 and 27/6/2022. We have offered technical validation and data cleaning code in UKDA ReShare 854240 to help users to evaluate the representation and to clean up the data. There is no unique way to clean this raw linked dataset, so we suggest users develop their own clean-up process based on their research requirements. In addition, this repository covers the original LR PPD and Domestic EPCs for the linked data (house price per square metre dataset). Similar to the first updated version, a field header has been added in LR PPD. Six variables (individual lodgement identifier, address, address 1, address 2, address 3, postcode) in Domestic EPCs are removed. A newly created unique identifier (id) is added in Domestic EPCs, this id is newly created for Version 12 Domestic EPCs. It is not the same id as in the Domestic EPCs from UK Data Service ReShare 854240 and ReShare 855033. Since November 2021 DLUCH has published Domestic EPCs with the Unique Property Reference Number (UPRN) hence the dataset in this repository contains the UPRN information from the Domestic EPCs.

United Kingdom House Price Index: UK data was reported at 539.604 1Q1993=100 in Feb 2025. This records an increase from the previous number of 535.056 1Q1993=100 for Jan 2025. United Kingdom House Price Index: UK data is updated monthly, averaging 324.070 1Q1993=100 from Jan 1991 (Median) to Feb 2025, with 410 observations. The data reached an all-time high of 546.103 1Q1993=100 in Aug 2022 and a record low of 98.950 1Q1993=100 in Nov 1992. United Kingdom House Price Index: UK data remains active status in CEIC and is reported by Nationwide. The data is categorized under Global Database’s United Kingdom – Table UK.EB027: House Price Index: First Quarter of 1993=100: Nationwide. [COVID-19-IMPACT]

The average house price in England started to increase in the first half of 2024, after falling by over three percent year-on-year in December 2023. In June 2024, the house price index amounted to 149.7 index points, suggesting an increase in house prices of 2.4 percent since the same month in 2023 and a roughly 50 percent rise since 2015 - the baseline year for the index. Among the different regions in the UK, West and East Midlands experienced the strongest growth.

The average house price in London increased slightly year-on-year as of June 2024, amid a slowdown in the UK housing market. Barking and Dagenham was the most affordable borough to buy a house, with an average price of 340,403 British pounds. Kensington and Chelsea stood at the other end of the spectrum, with an average price of 1.2 million British pounds. Nevertheless, it was also one of the boroughs where prices fell the most. Demand for housing and house prices With vastly more job and cultural opportunities, megacities continue attracting people from all over the world. Since the beginning of the 1980s, the population of London has increased by more than 2 million inhabitants and in the next 20 years, it is forecast to increase by almost 1.5 million. That makes London properties a valuable asset. Historically, property prices in London have risen steadily, albeit minor fluctuations. Residential properties transactions Since 2006, the number of residential property sales has varied between 1.7 million and 0.8 million transactions annually. The housing boom in 2021 led to an increase in home purchases, but the economic uncertainty, stubborn inflation, and dramatically higher interest rates have led to transactions falling.

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

United Kingdom House Price: Qtr: First Time Buyer: Wales data was reported at 126,084.927 GBP in Sep 2018. This records a decrease from the previous number of 126,187.749 GBP for Jun 2018. United Kingdom House Price: Qtr: First Time Buyer: Wales data is updated quarterly, averaging 50,077.037 GBP from Mar 1983 (Median) to Sep 2018, with 143 observations. The data reached an all-time high of 130,601.260 GBP in Jun 2007 and a record low of 18,143.060 GBP in Mar 1983. United Kingdom House Price: Qtr: First Time Buyer: Wales data remains active status in CEIC and is reported by Nationwide. The data is categorized under Global Database’s United Kingdom – Table UK.P001: House Price: Nationwide.

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.

United Kingdom House Price: Qtr: First Time Buyer: Outer Met data was reported at 286,001.028 GBP in Jun 2018. This records a decrease from the previous number of 287,680.911 GBP for Mar 2018. United Kingdom House Price: Qtr: First Time Buyer: Outer Met data is updated quarterly, averaging 100,707.966 GBP from Mar 1983 (Median) to Jun 2018, with 142 observations. The data reached an all-time high of 287,680.911 GBP in Mar 2018 and a record low of 29,106.525 GBP in Mar 1983. United Kingdom House Price: Qtr: First Time Buyer: Outer Met data remains active status in CEIC and is reported by Nationwide. The data is categorized under Global Database’s UK – Table UK.P001: House Price: Nationwide.

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

Average house prices are affected by several factors: Economic growth, unemployment, interest rates and mortgage availability can all affect average prices. A shortage of supply means that the need for housing and, therefore, competitive market created will push up house prices, whereas an excess of housing means prices fall to stimulate buyers. Location, location, location In December 2023, the average house price in England was more expensive than in any other country. This huge disparity in average house prices is in no small part down to the country's capital city, where the average asking price was more than double that of the UK’s average. Even in London, for those who can afford a mortgage, the savings made through buying over renting can be beneficial. House prices still set to grow In 2024, the number of housing transactions in the UK is set to fall to 1.1 million. With the expected decline in transactions, the average house price is also set to stagnate across the UK.