HM Land Registry
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UK House Price Index for August 2021

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

In the past 18 months all those involved in the property market have been impacted by the effects of COVID-19; HM Land Registry is no different and as a result, this release of the UK House Price index isn’t as complete as it could be.

The data is accurate. However, this release may be subject to increased revisions as we add more data over the coming months. See Reducing delays for further information.

The August data shows:

  • on average, house prices have increased 2.9% since July 2021
  • there has been an annual price rise of 10.6% which makes the average property in the UK valued at £264,244

England

In England the August data shows, on average, house prices have risen by 3.2% since July 2021. The annual price rise of 9.8% takes the average property value to £280,921.

The regional data for England indicates that:

  • London experienced the greatest monthly rise with a movement of 5.6%
  • Yorkshire and the Humber saw the lowest monthly price growth, at 1.5%
  • the North East experienced the greatest annual price rise, up by 13.3%
  • London saw the lowest annual price growth, with a rise of 7.5%

Price change by region for England

Region Average price August 2021 Annual change % since August 2020 Monthly change % since July 2021
East Midlands £221,693 10.3 2.7
East of England £324,510 9.6 2.9
London £525,893 7.5 5.6
North East £149,042 13.3 2.4
North West £194,821 12.4 4.5
South East £358,070 8.7 1.9
South West £288,658 8.9 4.2
West Midlands £228,593 11.0 2.9
Yorkshire and the Humber £185,968 8.8 1.5

Repossession sales by volume for England

The lowest number of repossession sales in June 2021 was in the East of England.

The highest number of repossession sales in June 2021 was in London.

Repossession sales June 2021
East Midlands 6
East of England 4
London 27
North East 24
North West 24
South East 15
South West 13
West Midlands 5
Yorkshire and the Humber 10
England 128

Average price by property type for England

Property type August 2021 August 2020 Difference %
Detached £438,195 £390,210 12.3
Semi-detached £267,585 £242,027 10.6
Terraced £227,510 £208,306 9.2
Flat/maisonette £239,794 £226,269 6.0
All £280,921 £255,802 9.8

Funding and buyer status for England

Transaction type Average price August 2021 Annual price change % since August 2020 Monthly price change % since July 2021
Cash £262,317 9.4 3.0
Mortgage £290,089 10.0 3.2
First-time buyer £233,267 9.2 2.5
Former owner occupier £322,045 10.5 3.8

Building status for England

Building status* Average price June 2021 Annual price change % since June 2020 Monthly price change % since May 2021
New build £364,672 20.9 4.5
Existing resold property £277,694 11.9 5.0

*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

London

London shows, on average, house prices have risen by 5.6% since July 2021. An annual price rise of 7.5% takes the average property value to £525,893.

Average price by property type for London

Property type August 2021 August 2020 Difference %
Detached £1,050,152 £937,891 12.0
Semi-detached £663,688 £606,544 9.4
Terraced £569,780 £521,320 9.3
Flat/maisonette £444,654 £421,646 5.5
All £525,893 £489,424 7.5

Funding and buyer status for London

Transaction type Average price August 2021 Annual price change % since August 2020 Monthly price change % since July 2021
Cash £536,299 5.1 4.9
Mortgage £521,423 8.0 5.7
First-time buyer £455,377 7.0 5.2
Former owner occupier £601,844 8.0 6.0

Building status for London

Building status* Average price June 2021 Annual price change % since June 2020 Monthly price change % since May 2021
New build £533,642 12.1 2.8
Existing resold property £505,296 4.6 2.9

*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

Wales

Wales shows, on average, house prices have risen by 2.8% since July 2021. An annual price rise of 12.5% takes the average property value to £194,575.

There were 6 repossession sales for Wales in June 2021.

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

Original article link: https://www.gov.uk/government/news/uk-house-price-index-for-august-2021

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