UK House Price Index for December 2019
19 Feb 2020 11:04 AM
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).