HM Land Registry
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UK House Price Index for July 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 coronavirus (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 July data shows:

  • on average, house prices have decreased 3.7% since June 2021
  • there has been an annual price rise of 8% which makes the average property in the UK valued at £255,535

England

In England, the July data shows on average, house prices have fallen by 4.5% since June 2021. The annual price rise of 7% takes the average property value to £270,973.

The regional data for England indicates that:

  • no region saw a monthly price rise. The South East experienced the smallest monthly fall with a movement of -1.3%
  • the North West saw the lowest monthly price growth, at -7.6%
  • the North East experienced the greatest annual price rise, up by 10.8%
  • London saw the lowest annual price growth, with a rise of 2.2%

Price change by region for England

Region Average price July 2021 Annual change % since July 2020 Monthly change % since June 2021
East Midlands £214,169 6.9 -5.5
East of England £312,076 6.8 -3.8
London £494,673 2.2 -2.0
North East £144,935 10.8 -3.5
North West £185,171 8.1 -7.6
South East £354,278 8.8 -1.3
South West £277,178 5.2 -5.8
West Midlands £220,759 8.5 -4.9
Yorkshire and the Humber £180,324 6.9 -6.8

Repossession sales by volume for England

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

The highest number of repossession sales in May 2021 was in the North West.

Repossession sales May 2021
East Midlands 3
East of England 1
London 9
North East 20
North West 27
South East 12
South West 8
West Midlands 5
Yorkshire and the Humber 9
England 94

Average price by property type for England

Property type July 2021 July 2020 Difference %
Detached £414,849 £384,026 8
Semi-detached £257,831 £238,857 7.9
Terraced £220,117 £206,198 6.8
Flat/maisonette £237,188 £227,032 4.5
All £270,973 £253,226 7

Funding and buyer status for England

Transaction type Average price July 2021 Annual price change % since July 2020 Monthly price change % since June 2021
Cash £254,412 7 -4.6
Mortgage £279,273 7 -4.5
First-time buyer £226,474 6.7 -4.3
Former owner occupier £308,668 7.3 -4.7

Building status for England

Building status* Average price May 2021 Annual price change % since May 2020 Monthly price change % since April 2021
New build £351,308 11.7 -0.2
Existing resold property £264,010 8.7 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 fallen by 2% since June 2021. An annual price rise of 2.2% takes the average property value to £494,673.

Average price by property type for London

Property type July 2021 July 2020 Difference %
Detached £958,038 £920,274 4.1
Semi-detached £617,088 £595,144 3.7
Terraced £521,993 £511,049 2.1
Flat/maisonette £427,462 £419,846 1.8
All £494,673 £483,830 2.2

Funding and buyer status for London

Transaction type Average price July 2021 Annual price change % since July 2020 Monthly price change % since June 2021
Cash £521,157 3.0 0.8
Mortgage £486,975 2.1 -2.6
First-time buyer £428,428 1.6 -2.2
Former owner occupier £565,960 3.1 -1.7

Building status for London

Building status* Average price May 2021 Annual price change % since May 2020 Monthly price change % since April 2021
New build £522,849 4.0 -2.4
Existing resold property

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