UK House Price Index for October 2017
12 Dec 2017 09:33 AM
The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland.
The October data shows:
- an annual price rise of 4.5%, which takes the average property value in the UK to £223,807
- house prices have fallen by 0.5% since September 2017
England
The data for England shows:
- an annual price rise of 4.7% which takes the average property value to £240,860
- house prices have fallen by 0.6% since September 2017
The regional data indicates that:
- the East Midlands experienced the greatest rise in average property price over the last 12 months, up by 7%
- the East Midlands and the South West experienced the greatest monthly price rise, both up by 0.2%
- London saw the lowest annual price rise, up by 2.1%
- the North West saw the most significant monthly price fall, down by 2%
Price change by region for England
| Region |
Average price October 2017 |
Annual change % since October 2016 |
Monthly change % since September 2017 |
| East Midlands |
£184,544 |
7.0 |
0.2 |
| East of England |
£289,168 |
6.1 |
0.1 |
| London |
£481,102 |
2.1 |
-0.9 |
| North East |
£127,224 |
2.4 |
-0.1 |
| North West |
£154,056 |
3.9 |
-2.0 |
| South East |
£322,311 |
4.6 |
-0.5 |
| South West |
£251,376 |
6.7 |
0.2 |
| West Midlands |
£186,351 |
5.2 |
-1.1 |
| Yorkshire and the Humber |
£155,281 |
3.3 |
-1.1 |
Repossession sales by volume for England
The lowest number of repossession sales in August 2017 was in the East of England.
| Repossession sales |
August 2017 |
| East Midlands |
52 |
| East of England |
10 |
| London |
48 |
| North East |
72 |
| North West |
103 |
| South East |
46 |
| South West |
44 |
| Yorkshire and the Humber |
99 |
| West Midlands |
70 |
| England |
544 |
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