HM Land Registry
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UK House Price Index for October 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 October data shows:

  • on average, house prices have decreased 1.1% since September 2021
  • there has been an annual price rise of 10.2% which makes the average property in the UK valued at £268,349

England

In England the October data shows, on average, house prices have fallen by 1.5% since September 2021. The annual price rise of 9.8% takes the average property value to £285,113.

The regional data for England indicates that:

  • London experienced the greatest monthly rise with a movement of 1.9%
  • the North East saw the lowest monthly price growth, with a fall of -4.8%
  • the East Midlands experienced the greatest annual price rise, up by 11.7%
  • London saw the lowest annual price growth, with a rise of 6.2%

Price change by region for England

Region Average price October 2021 Annual change % since October 2020 Monthly change % since September 2021
East Midlands £228,290 11.7 -0.9
East of England £332,216 11.2 -0.1
London £516,285 6.2 1.9
North East £147,719 9.7 -4.8
North West £195,325 9.8 -4.8
South East £366,883 10.3 -0.7
South West £298,600 9.9 -0.7
West Midlands £226,279 8.4 -3.3
Yorkshire and the Humber £193,675 11.1 -1.7

Repossession sales by volume for England

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

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

Repossession sales August 2021
East Midlands 3
East of England 1
London 8
North East 13
North West 28
South East 8
South West 5
West Midlands 8
Yorkshire and the Humber 8
England 82

Average price by property type for England

Property type October 2021 October 2020 Difference %
Detached £452,675 £397,882 13.8
Semi-detached £269,856 £245,048 10.1
Terraced £229,815 £212,253 8.3
Flat/maisonette £241,493 £227,480 6.2
All £285,113 £259,592 9.8

Funding and buyer status for England

Transaction type Average price October 2021 Annual price change % since October 2020 Monthly price change % since September 2021
Cash £268,476 9.9 -1.4
Mortgage £293,553 9.8 -1.6
First-time buyer £235,842 8.8 -2.2
Former owner occupier £328,083 10.8 -0.9

Building status for England

Building status* Average price August 2021 Annual price change % since August 2020 Monthly price change % since July 2021
New build £370,213 17.4 2.4
Existing resold property £273,140 8.3 3.8

*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 1.9% since September 2021. An annual price rise of 6.2% takes the average property value to £516,285.

Average price by property type for London

Property type October 2021 October 2020 Difference %
Detached £1,058,055 £939,399 12.6
Semi-detached £660,278 £605,395 9.1
Terraced £557,452 £522,700 6.6
Flat/maisonette £434,260 £415,993 4.4
All £516,285 £486,212 6.2

Funding and buyer status for London

Transaction type Average price October 2021 Annual price change % since October 2020 Monthly price change % since September 2021
Cash £540,273 7.7 4.5
Mortgage £508,996 5.8 1.3
First-time buyer £444,592 5.2 1.5
Former owner occupier £595,364 7.6 2.4

Building status for London

Building status* Average price August 2021 Annual price change % since August 2020 Monthly price change % since July 2021
New build £551,630 10.4 -3.4

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