Housing Index in the United Kingdom decreased to 511.60 points in June from 511.80 points in May of 2025. This dataset provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The average house price in the increased by 2.7 percent year-on-year in June 2024, according to the monthly house price index. The index is calculated using data on housing transactions and measures the development of house prices, with 2015 chosen as a base year when the index value was set to 100. In June 2024, the index reached 151 index points, meaning that house prices have grown by over 51 percent since 2015. The house price index is an important measure for the residential real estate market. It is used to show changes in the value of residential properties in England, Scotland, Wales and Northern Ireland. This upwards trend in house price index, and therefore the value of residential properties, has also been observed by other measurers of house price index in the United Kingdom.

Graph and download economic data for Real Residential Property Prices for United Kingdom (QGBR628BIS) from Q2 1968 to Q1 2025 about United Kingdom, residential, HPI, housing, real, price index, indexes, and price.

The house price index (HPI) shows changes in the value of residential properties in England, Scotland, Wales, and Northern Ireland. With the HPI set at a base of 100 in January 2015, a value of over 100 would mark an increase in the average dwelling price. A value of under 100 points, on the other hand, would indicate that the average price has dropped. House price index in the UK The HPI fluctuated in 2023, after peaking in November 2022. In December 2023, the index stood at 149 index points, which was a slight decline from December 2022. This trend in the index, and therefore the value of UK residential properties, has also been observed by the Halifax house price index. Average house prices Average house prices are affected by several factors. Economic growth, unemployment, interest rates and mortgage availability can all drive them up or down. A shortage of supply means that the need for housing and the competitive market created will push house prices up. An excess of housing, on the other hand, means prices fall to stimulate buyers.

In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in March 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.

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

House Price Index YoY in the United Kingdom decreased to 2.50 percent in June from 2.60 percent in May of 2025. This dataset includes a chart with historical data for the United Kingdom House Price Index YoY.

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 quarterly Nationwide house price index for all houses in the United Kingdom (UK) exceeded 14,000 index points in the third quarter of the year. Despite that being a dramatic increase since the beginning of the COVID-19 pandemic, it stood below the price peak in the third quarter of 2022. The index shows the development of housing prices, with 1952 used as a baseline year. An index value of 14,102 implies a price increase of 14,000 percent between 1952 and 2024.

High level summary of the annual mix-adjusted weights used in the production of the UK House Price Index for the period 2005 to 2024.

Just as in many other countries, the housing market in the UK grew substantially during the coronavirus pandemic, fueled by robust demand and low borrowing costs. Nevertheless, high inflation and the increase in mortgage rates has led to house price growth slowing down. According to the forecast, 2024 is expected to see house prices decrease by ***** percent. Between 2024 and 2028, the average house price growth is projected at *** percent. A contraction after a period of continuous growth In June 2022, the UK's house price index exceeded *** index points, meaning that since 2015 which was the base year for the index, house prices had increased by ** percent. In just two years, between 2020 and 2022, the index surged by ** index points. As the market stood in December 2023, 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 years. Growth is forecast to be stronger in 2024 and slow down in the period between 2025 and 2028. The rental market in London is expected to follow a similar trend, with Central London slightly outperforming Greater London.

House Price Index MoM in the United Kingdom increased to 0 percent in June from -0.30 percent in May of 2025. This dataset includes a chart with historical data for the United Kingdom House Price Index MoM.

Average House Prices in the United Kingdom decreased to 296665 GBP in June from 296782 GBP in May of 2025. This dataset includes a chart with historical data for the United Kingdom Average House Prices.

The UK regions that observed the highest house price growth as of June 2024 were North Ireland and North West, where the HPI measured over *** index points. The house price index (HPI) is an easy way of illustrating trends in the house sales market. By using hedonic regression, the index models property price data for all dwellings and shows how much the price has changed since January 2015. An index value of *** index points indicates a price increase of ** percent since 2015.

Key information about United Kingdom Gold Production

• United Kingdom Real Residential Property Price Index was reported at 113.827 2010=100 in Sep 2024.
• This records an increase from the previous number of 110.464 2010=100 for Jun 2024.
• UK Real Residential Property Price Index data is updated quarterly, averaging 54.208 2010=100 from Jun 1968 to Sep 2024, with 226 observations.
• The data reached an all-time high of 122.502 2010=100 in Sep 2022 and a record low of 21.864 2010=100 in Jun 1970.
• UK Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

Key information about United Kingdom Real Residential Property Price Index Growth

• United Kingdom Real Residential Property Price Index Growth was reported at 0.288 % in Sep 2024.
• This records an increase from the previous number of -1.265 % for Jun 2024.
• UK Real Residential Property Price Index Growth data is updated quarterly, averaging 2.022 % from Jun 1969 to Sep 2024, with 222 observations.
• The data reached an all-time high of 40.054 % in Mar 1973 and a record low of -17.899 % in Mar 2009.
• UK Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

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

Key information about UK Nominal Residential Property Price Index

• United Kingdom Nominal Residential Property Price Index was reported at 170.677 2010=100 in Sep 2024.
• This records an increase from the previous number of 165.305 2010=100 for Jun 2024.
• UK Nominal Residential Property Price Index data is updated quarterly, averaging 35.645 2010=100 from Jun 1968 to Sep 2024, with 226 observations.
• The data reached an all-time high of 170.677 2010=100 in Sep 2024 and a record low of 2.175 2010=100 in Jun 1968.
• UK Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.