HM Land Registry
Printable version

UK House Price Index for December 2019

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

The December data shows:

  • on average, house prices have risen by 0.3% since November 2019
  • there has been an annual price rise of 2.2%, which makes the average property in the UK valued at £234,742

England

In England the December data shows, on average, house prices have risen by 0.6% since November 2019. The annual price rise of 2.2% takes the average property value to £251,711.

The regional data for England indicates that:

  • the East of England experienced the greatest monthly price rise, up by 2.1%
  • the North West saw the most significant monthly price fall, down by 0.6%
  • Yorkshire and the Humber experienced the greatest annual price rise, up by 3.9%
  • the South East saw the lowest annual price growth, up by 1.2%

Price change by region for England

Region Average price December 2019      Monthly change % since November 2019
East Midlands £197,048 0.5
East of England £297,714 2.1
London £483,922 1.6
North East £130,977 0.5
North West £166,003 -0.6
South East £325,050 -0.3
South West £262,286 1.3
West Midlands £201,343 -0.4
Yorkshire and the Humber      £168,382 1.7

Repossession sales by volume for England

The lowest number of repossession sales in October 2019 was in the East of England.

The highest number of repossession sales in October 2019 was in the North West.

Repossession sales October 2019
East Midlands 52
East of England 16
London 43
North East 107
North West 160
South East 76
South West 45
West Midlands 60
Yorkshire and the Humber      90
England 649

Average price by property type for England

Property type December 2019       December 2018      Difference %
Detached £385,148 £373,190 3.2
Semi-detached £236,187 £230,739 2.4
Terraced £202,915 £198,769 2.1
Flat/maisonette      £228,375 £226,923 0.6
All £251,711 £246,380 2.2

Funding and buyer status for England

Transaction type Average price December 2019 Annual price change % since December 2018 Monthly price change % since November 2019
Cash £236,853 2.0 0.8
Mortgage £259,189 2.2 0.6
First-time buyer £210,959 1.9 0.9
Former owner occupier £285,944 2.4 0.4

Building status for England

Building status* Average price October 2019 Annual price change % since October 2018 Monthly price change % since September 2019
New build £310,143 0.6 -0.4
Existing resold property £245,817 0.9 -0.1

*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 1.6% since November 2019. An annual price rise of 2.3% takes the average property value to £483,922.

Average price by property type for London

Property type December 2019      December 2018      Difference %
Detached £928,547 £899,415 3.2
Semi-detached £590,170 £579,876 1.8
Terraced £503,795 £490,483 2.7
Flat/maisonette      £423,844 £415,052 2.1
All £483,922 £473,252 2.3

Funding and buyer status for London

Transaction type Average price December 2019 Annual price change % since December 2018 Monthly price change % since November 2019
Cash £508,340 2.3 2.4
Mortgage £476,543 2.3 1.4
First-time buyer £423,201 2.1 2.1
Former owner occupier £546,304 2.4 0.9

Building status for London

Building status* Average price October 2019 Annual price change % since October 2018 Monthly price change % since September 2019
New build £490,706 -1.3 -2.0
Existing resold property £473,336 -1.1 -0.7

*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 fallen by 2% since November 2019. An annual price rise of 2.2% takes the average property value to £165,735.

There were 49 repossession sales for Wales in October 2019.

Average price by property type for Wales

Property type December 2019      December 2018      Difference %
Detached £251,879 £245,946 2.4
Semi-detached £160,368 £156,322 2.6
Terraced £128,335 £125,002 2.7
Flat/maisonette      £113,391 £116,278 -2.5
All £165,735 £162,234 2.2

Funding and buyer status for Wales

Transaction type Average price December 2019 Annual price change % since December 2018 Monthly price change % since November 2019
Cash £161,168 1.8 -1.6
Mortgage £168,438 2.4 -2.1
First-time buyer £143,271 2.3 -1.8
Former owner occupier £191,878 2.0 -2.1

Building status for Wales

Building status* Average price October 2019 Annual price change % since October 2018 Monthly price change % since September 2019
New build £220,628 2.0 0.8
Existing resold property £163,147 3.5 0.9

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

Access the full UK HPI

UK house prices

UK house prices increased by 2.2% in the year to December 2019, up from 1.7% in November 2019. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.3% between November 2019 and December 2019, compared with a fall of 0.2% during the same period a year earlier (November 2018 and December 2018).

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

Original article link: https://www.gov.uk/government/news/uk-house-price-index-for-december-2019

Share this article

Latest News from
HM Land Registry

Strategically Manage Public Services