House Price Index

UK House price data from the Land Registry and Office of National Statistics

 

UK House Price Index Data

The UK HPI is published by HM Land Registry, Land and Property Services Northern Ireland, Office for National Statistics and Registers of Scotland. Sales only appear in the UK HPI once the purchases have been registered, so there can be a delay before transactions feed into the index.

Current Index

As of September 2020 the average house price in the UK is £295,000. Records show that average house prices in the UK increased by 9.5% in the year to September 2022. This was down from 13.1% in the year to August 2022.

Steadily increasing prices throughout 2022 resulted in the average UK house price reaching a joint record high. The average UK house price was £295,000 in September 2022, which is £26,000 higher than this time last year, and unchanged since August 2022.

The annual percentage change for average UK house prices for September 2022 was 9.5%, compared with 13.1% in the year to August 2022, and 15.2% in the year to July 2022. Average UK house prices increased by a smaller amount between July and September 2022 than the same period last year. This base effect has led to the slowing of annual percentage change since July 2022.

Average UK house prices increased by £3,200 between July and August 2022 and remained unchanged between August and September 2022. In contrast, average UK house prices increased by £7,500 between July and August 2021, and by £8,600 between August and September 2021. It is likely that average house prices were slightly inflated in September 2021, as buyers in England and Northern Ireland rushed to complete property purchases before Stamp Duty Land Tax changes at the end of September 2021. Further information on the effect that changes to land taxes had on UK house prices in 2021 can be found in our previous UK House Price Index bulletin.

The provisional seasonally adjusted estimate of UK residential transactions in September 2022 was 103,930, as shown in HM Revenue and Customs’ (HMRC’s) Monthly property transactions statistics. This is 36.8% lower than September 2021 and 0.2% higher than August 2022.

Average house price, by UK country

UK HPI data published by Land Registry © Crown copyright 2017.