UK house prices
The latest UK sold house prices and whether prices are going up or down where you live
In this house prices guide:
House prices in the UK
The average house price in the UK is now £244,513 according to the latest Office for National Statistics (ONS) figures.¹
They’ve increased by 4.7% over the past year.
Average house prices have increased over the last 12 months to:
£261,795 in England (4.9%)
£170,604 in Wales (3.8%)
£161,510 in Scotland (4.3%)
£143,205 in Northern Ireland (2.1%)
House prices in England have risen the most
House price growth was strongest in England where prices increased by 4.9% over the year to September 2020.
The highest annual growth within the English regions was in the South West where average house prices grew by 6.4%.
The lowest annual growth was in the North East, where prices increased by only 3.3% over the year to September 2020.
Latest average sold house prices where you are
£161,510
£136,262
£143,205
£174,450
£176,976
£208,497
£204,581
£305,764
£170,604
£496,485
£336,763
£275,376
Brexit and house prices
There were concerns that Brexit would cause a UK house price crash.
House prices have, in general, been rising since the UK voted to leave the EU.
In June 2016 the average UK house price was £212,887, according to the ONS. It’s now £244,513.
The rate at which house prices have risen, has slowed.
Learn more in our Brexit house price guide.
London house prices
The average price in London is £480,425, a 2.27% increase from April 2019 to April 2020.
Prices in the capital fell by 1.1% from March 2020 to April 2020.
London house prices and Brexit
In June 2016, when the UK voted to leave the EU, the average house price in London was £468,120. It’s since increased by 2.62%
The capital remains the most expensive place to buy a property in the UK.
Are house prices in London falling
Average London house prices reached a peak of £488,527 in July 2017. They fell to £463,182 in May 2019 and are now up to £480,425.
Average price paid
By a first time buyer – £417,555
By a former owner occupier – £547,020
In cash – £504,860
With a mortgage – £473,059⁴
Average price in London by property type
Detached – £971,142
Semi detached – £602,377
Terrace – £511,058
Flat/maisonette – £410,745
Birmingham house prices
Birmingham is in the West Midlands where the average house price has risen from £200,446 in September 2019 to £208,497 in September 2020.
The average property price in Birmingham is £193,774, up from £189,980 the previous year.
Prices have risen steadily since the EU referendum in June 2016, when the average was £161,121.
Average price paid:
by a first time buyer – £170,175
by a former owner occupier – £222,640
in cash – £179,756
with a mortgage – £199,459⁷
Average price in Birmingham per property type
detached – £370,661
semi detached – £220,306
terrace – £175,846
flat/maisonette – £135,183⁷
Bristol house prices
Bristol is in the South West of England, where the average house price is £275,376.
The average house price in Bristol, however, is £301,451. This is a 5.3% increase since September 2019, when the average was £286,390.
Prices in Bristol have risen by 19.7% since the EU referendum in June 2016, when the average was £251,883.
This contrasts with London, for example, where prices have risen by only 6.1% – £468,120 to £496,485. – in that time.
Average price paid:
by a first time buyer – £273,987
by a former owner occupier – £335,275
in cash – £296,626
with a mortgage – £303,077⁷
Average price in Bristol per property type
detached – £568,086
semi detached – £369,966
terrace – £311,265
flat/maisonette – £236,555⁷
Edinburgh house prices
The average house price in Edinburgh is now £280,154, 73.5% higher than the Scottish average of £161,510.
Prices in the capital have increased by 2% from September 2019 to September 2020.
They’ve also increased rapidly since the vote to leave the EU in June 2016, when the average price was £219,977.
Average price paid:
by a first time buyer – £224,960
by a former owner occupier – £341,882
in cash – £274,863
with a mortgage – £282,223⁷
Average price in Edinburgh per property type
detached – £592,608
semi detached – £378,381
terrace – £303,411
flat/maisonette – £217,841⁷
Manchester house prices
The average house price in Manchester is now £194,249, an increase of 5.8% since September 2019.
The city is in the North West of England, where the average property costs £176,976.
Property prices in Manchester have risen by 28.4% since the vote to leave the EU in June 2016, when the average price was £151,281.
This contrasts with London where prices have risen by 6.1% in that time.
Average price paid
by a first time buyer – £178,540
by a former owner occupier – £211,989
in cash – £184,464
with a mortgage – £198,755⁷
Average price in Manchester per property type
detached – £348,718
semi detached – £240,451
terrace – £181,560
flat/maisonette – £168,621⁷
Sources
¹ ONS UK House Price Index: September 2020
² Rightmove: House Price Index
³ RIC.org: UK Residential Market Survey
⁴ Buy Association: UK housing market predictions: what to expect from the 12 months ahead
⁵ Knight Frank: UK Residential Market Forecast (2020-2024)
⁶ The Times: Lloyds says house prices could fall by nearly 10%
⁷ Land Registry: UK House Price Index
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