UK House Price Index for January 2018
20 Mar 2018 09:34 AM
The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland.
The January data shows:
- on average, house prices have fallen by 0.3% since December 2017
- an annual price rise of 4.9%, which makes the average property in the UK valued at £225,621
England
The data for England shows:
- house prices have fallen by 0.5% since December 2017
- an annual price rise of 4.6% takes the average property value to £242,286
The regional data for England indicates that:
- the South West experienced the greatest monthly price rise, up by 1.4%
- the North East saw the most significant monthly price fall, down by 5.5% and
- London experienced a monthly price rise, up by 1%
Price change by region for England
| Region |
Average price January 2018 |
Monthly change % since December 2017 |
| East Midlands |
£185,568 |
-0.1 |
| East of England |
£289,729 |
-0.7 |
| London |
£485,830 |
1.0 |
| North East |
£122,870 |
-5.5 |
| North West |
£155,788 |
-1.5 |
| South East |
£323,435 |
0.2 |
| South West |
£255,307 |
1.4 |
| West Midlands |
£187,905 |
-2.0 |
| Yorkshire and the Humber |
£156,484 |
-0.7 |
Repossession sales by volume for England
The lowest number of repossession sales in November 2017 was in the East of England.
The highest number of repossession sales in November 2017 was in the North West.
| Repossession sales |
November 2017 |
| East Midlands |
64 |
| East of England |
18 |
| London |
36 |
| North East |
85 |
| North West |
162 |
| South East |
56 |
| South West |
35 |
| West Midlands |
62 |
| Yorkshire and the Humber |
115 |
| England |
633 |
Average price by property type for England
| Property type |
January 2018 |
January 2017 |
Difference % |
| Detached |
£365,697 |
£349,733 |
4.6 |
| Semi-detached |
£225,674 |
£213,611 |
5.6 |
| Terraced |
£194,167 |
£185,996 |
4.4 |
| Flat/maisonette |
£228,099 |
£220,139 |
3.6 |
| All |
£242,286 |
£231,593 |
4.6 |
Funding and buyer status for England
| Transaction type |
Average price January 2018 |
Annual price change % since January 2017 |
Monthly price change % since December 2017 |
| Cash |
£227,783 |
4.6 |
-0.5 |
| Mortgage |
£249,593 |
4.6 |
-0.5 |
| First-time buyer |
£203,152 |
4.4 |
-0.7 |
| Former owner occupier |
£275,127 |
4.8 |
-0.3 |
Building status for England
| Building status* |
Average price November 2017 |
Annual price change % since November 2016 |
Monthly price change % since October 2017 |
| New build |
£320,489 |
13.5 |
3.6 |
| Existing resold property |
£237,791 |
4.5 |
-0.2 |
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