Land Registry
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UK House Price Index (HPI) for July 2016

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

The July data shows an annual price increase of 8.3% which takes the average property value in the UK to £216,750. Monthly house prices rose by 0.4% since June 2016. The monthly index figure for the UK was 113.7.

In England, the July data shows an annual price increase of 9.1% which takes the average property value to £232,885. Monthly house prices rose by 0.5% since June 2016.

Wales shows an annual price increase of 4.0% which takes the average property value to £144,828. Monthly house prices fell by 1.8% since June 2016.

London shows an annual price increase of 12.3% which takes the average property value to £484,716. Monthly house prices rose by 1.0% since June 2016.

The regional data indicates that:

  • East of England experienced the greatest increase in its average property value over the last 12 months with a movement of 13.2%
  • the North East experienced the greatest monthly growth with an increase of 2.3%
  • Yorkshire and The Humber saw the lowest annual price growth with an increase of 4.7%
  • West Midlands saw the most significant monthly price fall with a movement of -0.8%

UK home sales fell by 0.9% in July 2016 compared to the previous month, which means that home sales on a monthly basis remain below levels seen in 2014 and 2015 and before the stamp duty changes in early 2016. See the economic statement.

Sales during May 2016, the most up-to-date Land Registry figures available, show that:

  • the number of completed house sales in England fell by 33.5% to 49,795 compared with 74,897 in May 2015
  • the number of completed house sales in Wales fell by 29.6% to 2,596 compared with 3,685 in May 2015
  • the number of completed house sales in London fell by 46% to 5,111 compared with 9,466 in May 2015
  • there were 494 repossession sales in England in May 2016
  • there were 57 repossession sales in Wales in May 2016
  • the lowest number of repossession sales in England and Wales in May 2016 was in the East of England

Access the full July UK HPI

Price change by region for England

England by region Monthly change % since June 2016 Annual change % since July 2015 Average price July 2016
East Midlands 0.5 7.8 £173,783
East of England 0.6 13.2 £273,806
London 1.0 12.3 £484,716
North East 2.3 5.8 £129,750
North West 0.8 6.1 £150,082
South East 0.6 11.9 £313,315
South West -0.3 7.8 £237,291
West Midlands -0.8 6.4 £176,598
Yorkshire and The Humber 0.2 4.7 £151,581

Average price by property type for England

Average price by property type (England) July 2016 July 2015 Difference %
Detached £349,905 £320,036 9.3
Semi-detached £215,929 £197,839 9.1
Terraced £188,602 £173,425 8.8
Flat/maisonette £218,303 £200,004 9.1
All £232,885 £213,518 9.1

Price change for Wales

Wales Monthly change % since June 2016 Annual change % since July 2015 Average price July 2016
Wales -1.8 4.0 £144,828

Average price by property type for Wales

Average price by property type (Wales) July 2016 July 2015 Difference %
Detached £218,003 £209,105 4.3
Semi-detached £140,079 £133,827 4.7
Terraced £112,232 £108,148 3.8
Flat/maisonette £102,474 £100,556 1.9
All £144,828 £139,213 4.0

Average price by property type for London

Average price by property type (London) July 2016 July 2015 Difference %
Detached £914,387 £787,783 16.1
Semi-detached £585,741 £506,181 15.7
Terraced £503,185 £443,661 13.4
Flat/maisonette £425,732 £385,416 10.5
All £484,716 £431,644 12.3

Sales volumes for England

Month Sales 2016 England Sales 2015 England Difference %
April 44,941 64,540 -30.4
May 49,795 74,897 -33.5

Sales volumes for Wales

Month Sales 2016 Wales Sales 2015 Wales Difference %
April 2,464 3,244 -24.0
May 2,596 3,685 -29.6

Sales volumes for London

Month Sales 2016 London Sales 2015 London Difference %
April 4,616 8,688 -46.9
May 5,111 9,466 -46.0

Funding, buyer and building status for England

England Monthly change % Annual change % Average price
Cash 0.3 8.3 £218,331
Mortgage 0.5 9.4 £240,233
First time buyer 0.3 8.9 £195,484
Former owner occupier 0.6 9.2 £264,184
New build -2.2 16.4 £295,039
Existing resold property 0.7 8.5 £228,779

Funding, buyer and building status for Wales

Wales Monthly change % Annual change % Average price
Cash -2.2 3.3 £140,604
Mortgage -1.5 4.5 £147,342
First time buyer -1.8 4.1 £125,245
Former owner occupier -1.8 4.0 £167,627
New build -2.8 13.1 £196,533
Existing resold property -1.7 3.4 £141,815

Funding, buyer and building status for London

Latest News from
Land Registry

London Monthly change % Annual change % Average price
Cash 0.6 11.3 £510,028
Mortgage 1.1 12.6 £476,922
First time buyer 0.8 12.0 £423,422
Former owner occupier 1.1