UK House Price Index

UK House Price Index for November 2017

The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland.

November 2017 data illustration

The November data shows:

  • on average, house prices have risen by 0.1% since October 2017
  • an annual price rise of 5.1%, which takes the average property in the UK to £226,071

England

The data for England shows:

  • house prices have risen by 0.1% since October 2017
  • an annual price rise of 5.3% takes the average property value to £243,339

The regional data for England indicates that:

  • the West Midlands experienced the greatest rise in average property price over the last 12 months, up by 7.2%
  • the North West experienced the greatest monthly price rise, up by 1.4%
  • the North East and London saw the lowest annual price rise, both up by 2.3%
  • the North East saw the most significant monthly price fall, down by 1%

Price change by region for England

RegionAverage price November 2017Annual change % since November 2016Monthly change % since October 2017
East Midlands£185,0476.40.2
East of England£289,7316.0-0.2
London£481,9152.3-0.9
North East£127,7372.3-1.0
North West£159,0666.21.4
South East£325,2705.70.3
South West£251,9236.2-0.5
West Midlands£192,1197.21.3
Yorkshire and the Humber£155,7783.0-0.8

Repossession sales by volume for England

The lowest number of repossession sales in September 2017 was in the East of England.

Repossession salesSeptember 2017
East Midlands48
East of England13
London23
North East76
North West140
South East55
South West25
West Midlands63
Yorkshire and the Humber88
England531

Average price by property type for England

Property typeNovember 2017November 2016Difference %
Detached£369,380£349,6725.6
Semi-detached£226,228£213,3856.0
Terraced£195,956£185,4345.7
Flat/maisonette£226,501£218,9063.5
All£243,339£231,0535.3

Funding and buyer status for England

Transaction typeAverage price November 2017Annual price change % since November 2016Monthly price change % since October 2017
Cash£228,8895.20.0
Mortgage£250,6205.40.1
First-time buyer£204,4945.30.3
Former owner occupier£275,7925.3-0.1

Building status for England

Building status*Average price September 2017Annual price change % since September 2016Monthly price change % since August 2017
New build£310,87811.90.3
Existing resold property£238,5564.8-0.1

*Figures for the two most recent months are not being published because there are not enough new build transactions to give a meaningful result.

Sales volumes for England

The most up-to-date HM Land Registry sales figures available for England show:

  • the number of completed house sales in September 2017 fell by 14.8% to 64,812 compared with 76,114 in September 2016
MonthSales 2017Sales 2016Difference %
August74,18979,655-6.9
September64,81276,114-14.8

London

The data for London shows:

  • house prices have fallen by 0.9% since October 2017
  • an annual price rise of 2.3% takes the average property value to £481,915

Average price by property type for London

Property typeNovember 2017November 2016Difference %
Detached£919,354£886,5533.7
Semi-detached£583,283£562,0933.8
Terraced£495,903£480,8363.1
Flat/maisonette£424,766£418,6601.5
All£481,915£470,8542.3

Funding and buyer status for London

Transaction typeAverage price November 2017Annual price change % since November 2016Monthly price change % since October 2017
Cash£506,9461.9-1.3
Mortgage£474,1452.5-0.8
First-time buyer£421,7812.3-0.7
Former owner occupier£543,3832.4-1.2

Building status for London

Building status*Average price September 2017Annual price change % since September 2016Monthly price change % since August 2017
New build£521,92010.20.9
Existing resold property£485,3382.9-0.2

*Figures for the two most recent months are not being published because there are not enough new build transactions to give a meaningful result.

Sales volumes for London

The most up-to-date HM Land Registry sales figures available for London show:

  • the number of completed house sales in September 2017 fell by 21.5% to 6,494 compared with 8,275 in September 2016
MonthSales 2017 LondonSales 2016 LondonDifference %
August7,8028,535-8.6
September6,4948,275-21.5

Wales

The data for Wales shows:

  • house prices have fallen by 0.7% since October 2017
  • an annual price rise of 4.5% takes the average property value to £152,855

Average price by property type for Wales

Property typeNovember 2017November 2016Difference %
Detached£231,696£222,2554.2
Semi-detached£147,643£140,3065.2
Terraced£117,939£112,4574.9
Flat/maisonette£107,952£106,6991.2
All£152,855£146,2784.5

Funding and buyer status for Wales

Transaction typeAverage price November 2017Annual price change % since November 2016Monthly price change % since October 2017
Cash£148,8294.0-0.7
Mortgage£155,2464.8-0.7
First-time buyer£132,1774.7-0.4
Former owner occupier£176,9314.3-1.0

Building status for Wales

Building status*Average price September 2017Annual price change % since September 2016Monthly price change % since August 2017
New build£208,79313.30.5
Existing resold property£149,7735.00.4

*Figures for the two most recent months are not being published because there are not enough new build transactions to give a meaningful result.

Sales volumes for Wales

The most up-to-date HM Land Registry sales figures available for Wales show:

  • the number of completed house sales in September 2017 fell by 6.6% to 3,786 compared with 4,054 in September 2016
  • there were 60 repossession sales in September 2017
MonthSales 2017Sales 2016Difference %
August4,1904,1221.6
September3,7864,054-6.6

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