UK House Price Index for June 2021
18 Aug 2021 01:44 PM
The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.
In the past 12 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 is not as complete as it could be.
The data is accurate; however, this release may be subject to increased revisions as more data is added over the coming months. See Reducing delays for further information.
The June data shows:
- on average, house prices have increased 4.5% since May 2021
- there has been an annual price rise 13.2% which makes the average property in the UK valued at £265,668
England
In England, the June data shows on average, house prices have risen by 4.9% since May 2021. The annual price rise of 13.3% takes the average property value to £284,029.
The regional data for England indicates that:
- Yorkshire and The Humber experienced the greatest monthly price rise, up by 7.1%
- London saw the lowest monthly price growth, at 2.5%
- The North West experienced the greatest annual price rise, up by 18.6%
- London saw the lowest annual price growth, with a rise of 6.3%
Price change by region for England
Region |
Average price June 2021 |
Annual change % since June 2020 |
Monthly change % since May 2021 |
East Midlands |
£226,846 |
14.3 |
5.1 |
East of England |
£327,017 |
12.1 |
4.5 |
London |
£510,299 |
6.3 |
2.5 |
North East |
£149,521 |
15.3 |
5.9 |
North West |
£200,222 |
18.6 |
6.8 |
South East |
£355,948 |
10.5 |
2.7 |
South West |
£294,906 |
13.7 |
5.5 |
West Midlands |
£231,429 |
15 |
5.7 |
Yorkshire and the Humber |
£194,518 |
15.8 |
7.1 |
Repossession sales by volume for England
The lowest number of repossession sales in April 2021 was in the East Midlands and the South West.
The highest number of repossession sales in April 2021 was in the North East.
Repossession sales |
April 2021 |
East Midlands |
5 |
East of England |
9 |
London |
6 |
North East |
25 |
North West |
23 |
South East |
18 |
South West |
5 |
West Midlands |
14 |
Yorkshire and the Humber |
21 |
England |
126 |
Average price by property type for England
Property type |
June 2021 |
June 2020 |
Difference % |
Detached |
£438,145 |
£378,757 |
15.7 |
Semi-detached |
£296,207 |
£236,968 |
13.6 |
Terraced |
£233,644 |
£204,932 |
14 |
Flat/maisonette |
£242,353 |
£224,025 |
8.2 |
All |
£284,029 |
£250,739 |
13.3 |
Funding and buyer status for England
Transaction type |
Average price June 2021 |
Annual price change % since June 2020 |
Monthly price change %since May 2021 |
Cash |
£267,190 |
13.5 |
5.2 |
Mortgage |
£292,532 |
13.2 |
4.8 |
First-time buyer |
£236,982 |
12.6 |
4.9 |
Former owner occupier |
£324,081 |
13.9 |
4.9 |
Building status for England
Building status* |
Average price April 2021 |
Annual price change % since April 2020 |
Monthly price change % since March 2021 |
New build |
£361,642 |
14.8 |
4.7 |
Existing resold property |
£263,634 |
9.1 |
-1.7 |
*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
London
London shows, on average, house prices have risen by 2.5% since May 2021. An annual price rise of 6.3% takes the average property value to £510,299.
Average price by property type for London
Property type |
June 2021 |
June 2020 |
Difference % |
Detached |
£994,785 |
£906,997 |
9.7 |
Semi-detached |
£646,936 |
£593,008 |
9.1 |
Terraced |
£555,562 |
£510,449 |
8.8 |
Flat/maisonette |
£430,707 |
£414,734 |
3.9 |
All |
£510,299 |
£479,969 |
6.3 |
Funding and buyer status for London
Transaction type |
Average price June 2021 |
Annual price change % since June 2020 |
Monthly price change % since May 2021 |
Cash |
£523,448 |
4.5 |
1.7 |
Mortgage |
£505,305 |
6.8 |
2.7 |
First-time buyer |
£443,193 |
5.9 |
2.8 |
Former owner occupier |
£581,605 |
6.9 |
2.2 |
Building status for London
Building status* |
Average price April 2021 |
Annual price change % since April 2020 |
Monthly price change % since March 2021 |
New build |
£551,112 |
10 |
5.7 |
Existing resold property |
£498,228 |
5.1 |
-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.
Wales
Wales shows, on average, house prices have risen by 4.6% since May 2021. An annual price rise of 16.7% takes the average property value to £195,291.
There were 10 repossession sales for Wales in April 2021.
Average price by property type for Wales
Property type |
June 2021 |
June 2020 |
Difference % |
Detached |
£296,313 |
£250,331 |
18.4 |
Semi-detached |
£188,119 |
£162,555 |
15.7 |
Terraced |
£153,582 |
£130,914 |
17.3 |
Flat/maisonette |
£127,629 |
£115,047 |
10.9 |
All |
£195,291 |
£167,384 |
16.7 |
Funding and buyer status for Wales
Transaction type |
Average price June 2021 |
Annual price change % since June 2020 |
Monthly price change % since May 2021 |
Cash
|