1. Introduction
This is a high-level summary of the UK House Price Index (HPI), which replaces the previous house price indices separately published by the Land Registry and the Office for National Statistics. For full details, including commentary, historical data tables and analytical tools please see the main publication of the new House Price Index, published today on the GOV.UK website.
The UK HPI is a joint production by Land Registry, Land and Property Services Northern Ireland, Office for National Statistics and Registers of Scotland.
Nôl i'r tabl cynnwys2. UK all dwellings
Average house prices in the UK have increased by 7.7% in the year to September 2016 (unchanged from 7.7% in the year to August 2016), continuing the strong growth seen since the end of 2013.
Figure 1: Annual house price rates of change, UK all dwellings from January 2006 to September 2016
12-month percentage change
Source: Land Registry, Registers of Scotland, Land and Property Services Northern Ireland and Office for National Statistics
Notes:
- Not seasonally adjusted.
- The full House Price index release is available to download from Land Registry at GOV.UK.
Download this chart Figure 1: Annual house price rates of change, UK all dwellings from January 2006 to September 2016
Image .csv .xlsThe average UK house price was £218,000 in September 2016. This is £16,000 higher than in September 2015 and unchanged from last month.
Figure 2: Average UK house price, January 2005 to September 2016
Source: Land Registry, Registers of Scotland, Land and Property Services Northern Ireland and Office for National Statistics
Notes:
- Not seasonally adjusted.
- The full House Price index release is available to download from Land Registry at GOV.UK.
Download this chart Figure 2: Average UK house price, January 2005 to September 2016
Image .csv .xls3. House price index, by UK country
The main contribution to the increase in UK house prices came from England, where house prices increased by 8.3% over the year to September 2016, with the average price in England now £234,000. Wales saw house prices increase by 4.4% over the last 12 months to stand at £146,000. In Scotland, the average price increased by 3.4% over the year to stand at £143,000. The average price in Northern Ireland increased by 5.4% over the year and currently stands at £124,000.
Figure 3: Average house price, by UK country, January 2005 to September 2016
Source: Land Registry, Registers of Scotland, Land and Property Services Northern Ireland and Office for National Statistics
Notes:
- Not seasonally adjusted.
- The full House Price index release is available to download from Land Registry at GOV.UK.
Download this chart Figure 3: Average house price, by UK country, January 2005 to September 2016
Image .csv .xls4. House price index, by English region
On a regional basis, London continues to be the region with the highest average house price at £488,000, followed by the South East and the East of England, which stand at £313,000 and £277,000 respectively. The lowest average price continues to be in the North East at £125,000.
Figure 4: Average house price, by English region, January 2004 to September 2016
Source: Land Registry and Office for National Statistics
Notes:
- Not seasonally adjusted.
- The full House Price index release is available to download from Land Registry at GOV.UK.
Download this chart Figure 4: Average house price, by English region, January 2004 to September 2016
Image .csv .xlsThe East of England is the region which showed the highest annual growth, with prices increasing by 12.1% in the year to September 2016. Growth in London was second highest at 10.9%, followed by the South East at 9.9%. The lowest annual growth was in the North East, where prices increased by 1.5% over the year.
Figure 5: All dwellings annual house price rates of change, year to September 2016: by English region
12 month percentage change
Source: Land Registry and Office for National Statistics
Notes:
- Not seasonally adjusted.
- The full House Price index release is available to download from Land Registry at GOV.UK.
Download this chart Figure 5: All dwellings annual house price rates of change, year to September 2016: by English region
Image .csv .xls6. Quality and methodology
The UK House Price Index (HPI) Quality and Methodology Information document contains important information on:
- the strengths and limitations of the data
- the quality of the output: including the accuracy of the data, how it compares with related data
- uses and users
- how the output was created.