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UK House Price Index for April 2020

The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.

This is the first publication of the UK House Price Index since May 2020 following the decision to suspend the index as a result of the effect the coronavirus (COVID-19) pandemic had on the reporting of the data.

Between now and 21 October, we will be publishing the reports that were meant to be published during the period of suspension to enable the August data to be released on 21 October as originally scheduled before the disruption earlier this year. This report was originally scheduled to be released in June of this year. The full calendar of release dates can be found here.

The April data shows:

  • on average, house prices have fallen by 0.2% since March 2020
  • there has been an annual price rise of 2.6%, which makes the average property in the UK valued at £234,612

England

In England, the April data shows on average, house prices have fallen by 0.3% since March 2020. The annual price rise of 2.5% takes the average property value to £250,874.

The regional data for England indicates that:

  • the East of England experienced the greatest monthly price rise, up by 1.5%
  • the South West saw the most significant monthly price fall, down by 2.5%
  • the East Midlands experienced the greatest annual price rise, up by 4.7%
  • the North East saw the lowest annual price growth, down by 2.7%

Click here for the full pres release

 

Channel website: https://www.gov.uk/government/organisations/land-registry

Original article link: https://www.gov.uk/government/news/uk-house-price-index-for-april-2020

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