Land Registry
The April data shows:
-
on average, house prices haverisen 0.3%sinceMarch 2024
-
there has been an annual pricerise of 1.1%which makes the average property in the UK valued at281,000
England
In England the April data shows, on average, house prices haverisen by0.3%sinceMarch 2024.The annual pricerise of 0.6%takes the average property value to298,000.
The regional data for England indicates that:
- the South East experienced the most significant monthly increase with a movement of 1.4%
- Yorkshire and the Humber saw the greatest monthly price fall, with a fall of -1.4%
- the South West experienced the greatest annual price rise, up by 1.8%
- London saw the lowest annual price growth, with a fall of -3.9%
Price change by region for England
| Region | Average priceApr 2024 | Annual change % sinceApr 2023 | Monthly change % sinceMar2023 |
|---|---|---|---|
| East Midlands | 242,000 | 1.1 | 0.7 |
| East of England | 335,000 | 0.4 | -0.7 |
| London | 502,000 | -3.9 | -0.2 |
| North East | 158,000 | 1.0 | 0.6 |
| North West | 217,000 | 3.8 | 0.7 |
| South East | 375,000 | -0.4 | 1.4 |
| South West | 318,000 | 1.8 | 1.1 |
| West Midlands | 246,000 | 2.0 | 0.4 |
| Yorkshire and the Humber | 203,000 | 0.2 | -1.4 |
Repossession sales by volume for England
The lowest number of repossession sales in February 2024was in theEast of England.
The highest number of repossession sales inFebruary 2024was in the South East.
| Repossession sales | Feb2024 |
|---|---|
| East Midlands | 4 |
| East of England | 0 |
| London | 7 |
| North East | 10 |
| North West | 8 |
| South East | 12 |
| South West | 2 |
| West Midlands | 5 |
| Yorkshire and the Humber | 11 |
| England | 59 |
Average price by property type for England
| Property type | Apr2024 | Apr2023 | Difference % |
|---|---|---|---|
| Detached | 454,000 | 455,000 | -0.3 |
| Semi-detached | 289,000 | 284,000 | 1.9 |
| Terraced | 246,000 | 243,000 | 1.2 |
| Flat/maisonette | 248,000 | 250,000 | -1.2 |
| All | 298,000 | 296,000 | 0.6 |
Funding and buyer status for England
| Transaction type | Average price Apr2024 | Annual price change % sinceApr2023 | Monthly price change %sinceMar2024 |
|---|---|---|---|
| Cash | 279,000 | 0.0 | 0.1 |
| Mortgage | 308,000 | 0.9 | 0.5 |
| First-time buyer | 250,000 | 0.9 | 0.6 |
| Former owner occupier | 339,000 | 0.3 | 0.1 |
Building status for England
| Building status* | Average price Jan 2024 | Annual price change % since Jan 2023 | Monthly price change % since Dec 2023 |
|---|---|---|---|
| New build | 420,000 | 14.4 | 10.5 |
| Existing resold property | 293,000 | -2.0 | -0.2 |
*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 fellby 0.2% sinceMarch 2024. An annual pricefall of 3.9%takes the average property value to502,000.
Average price by property type for London
| Property type | Apr 2024 | Apr 2023 | Difference % |
|---|---|---|---|
| Detached | 966,000 | 1,046,000 | -7.6 |
| Semi-detached | 644,000 | 669,000 | -3.7 |
| Terraced | 544,000 | 564,000 | -3.7 |
| Flat/maisonette | 422,000 | 439,000 | -3.9 |
| All | 502,000 | 522,000 | -3.9 |
Funding and buyer status for London
| Transaction type | Average price Apr 2024 | Annual price change % sinceApr 2023 | Monthly price change %sinceMar 2024 |
|---|---|---|---|
| Cash | 517,000 | -4.9 | 0.7 |
| Mortgage | 496,000 | -3.7 | -0.4 |
| First-time buyer | 435,000 | -3.7 | 0.0 |
| Former owner occupier | 573,000 | -4.3 | -0.3 |
Building status for London
| Building status* | Average price Feb 2024 | Annual price change % since Feb2023 | Monthly price change % since Jan 2024 |
|---|---|---|---|
| New build | 567,000 | 8.3 | 9.5 |
| Existing resold property | 509,000 | -4.5 | -0.8 |
*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 fellby 2.1%sinceMarch 2024. An annual priceincrease of 0.4%takes the average property value to208,000.
There were 4 repossession sales for Wales in February 2024.
Average price by property type for Wales
| Property type | Apr 2024 | Apr 2023 | Difference % |
|---|---|---|---|
| Detached | 310,000 | 313,000 | -1.0 |
| Semi-detached | 204,000 | 202,000 | 0.6 |
| Terraced | 164,000 | 162,000 | 1.1 |
| Flat/maisonette | 137,000 |