Land Registry
The August data shows:
- on average, house prices have risen 1.5% since July 2024
- there has been an annual price rise of 2.8% which makes the average property in the UK valued at 293,000
England
In England the August data shows, on average, house prices have risen by 1.6% since July 2024. The annual price rise of 2.3% takes the average property value to 310,000.
- Yorkshire and the Humber experienced the most significant monthly increase with a movement of 2.7%
- The South West saw the greatest monthly price fall, with a fall of -0.3%
- The North West experienced the greatest annual price rise, up by 4.6%
- The South West saw the lowest annual price growth, with a rise of 0.8%
The regional data for England indicates that:
Price change by region for England
| Region | Average price Aug 2024 | Annual change % since Aug 2023 | Monthly change % since July 2024 |
|---|---|---|---|
| East Midlands | 250,000 | 2.1 | 1.4 |
| East of England | 344,000 | 1.4 | 1 |
| London | 531,000 | 1.4 | 2.2 |
| North East | 166,000 | 1.7 | 1.5 |
| North West | 225,000 | 4.6 | 2.4 |
| South East | 385,000 | 1.6 | 1.4 |
| South West | 321,000 | 0.8 | -0.3 |
| West Midlands | 255,000 | 2.6 | 1.1 |
| Yorkshire and the Humber | 219,000 | 4.4 | 2.7 |
Repossession sales by volume for England
The lowest number of repossession sales in June 2024 was in the East of England.
The highest number of repossession sales in June 2024 was in the North East.
| Repossession sales | June 2024 |
|---|---|
| East Midlands | 12 |
| East of England | 0 |
| London | 8 |
| North East | 18 |
| North West | 6 |
| South East | 8 |
| South West | 6 |
| West Midlands | 7 |
| Yorkshire and the Humber | 7 |
| England | 72 |
Average price by property type for England
| Property type | Aug 2024 | Aug 2023 | Difference % |
|---|---|---|---|
| Detached | 466,000 | 463,000 | 0.8 |
| Semi-detached | 299,000 | 290,000 | 3.3 |
| Terraced | 258,000 | 251,000 | 2.5 |
| Flat/maisonette | 257,000 | 251,000 | 2.4 |
| All | 310,000 | 303,000 | 2.3 |
Funding and buyer status for England
| Transaction type | Average price Aug 2024 | Annual price change % since Aug 2023 | Monthly price change % since Jul 2024 |
|---|---|---|---|
| Cash | 290,000 | 1.7 | 1.5 |
| Mortgage | 320,000 | 2.6 | 1.6 |
| First-time buyer | 260,000 | 3.1 | 2.1 |
| Former owner occupier | 350,000 | 1.5 | 1 |
Building status for England
| Building status* | Average price June 2024 | Annual price change % since June 2023 | Monthly price change % since May 2024 |
|---|---|---|---|
| New build | 443,000 | 25.9 | -1.2 |
| Existing resold property | 300,000 | 1.1 | 0.4 |
*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 increased by 2.2% since July 2024. An annual price fall of 1.4% takes the average property value to 531,000.
Average price by property type for London
| Property type | Aug 2024 | Aug 2023 | Difference % |
|---|---|---|---|
| Detached | 1,036,000 | 1,058,000 | -2.1 |
| Semi-detached | 687,000 | 677,000 | 1.5 |
| Terraced | 580,000 | 573,000 | 1.1 |
| Flat/maisonette | 443,000 | 434,000 | 2 |
| All | 531,000 | 524,000 | 1.4 |
Funding and buyer status for London
| Transaction type | Average price Aug 2024 | Annual price change % since Aug 2023 | Monthly price change % since Jul 2024 |
|---|---|---|---|
| Cash | 545,000 | 0.6 | 3.2 |
| Mortgage | 526,000 | 1.7 | 1.9 |
| First-time buyer | 461,000 | 2.3 | 2.8 |
| Former owner occupier | 604,000 | 0 | 1.1 |
Building status for London
| Building status* | Average price June 2024 | Annual price change % since June 2023 | Monthly price change % since May 2024 |
|---|---|---|---|
| New build | 618,000 | 23 | 0.2 |
| Existing resold property | 525,000 | 0 | 1.1 |
*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 rose by 2.6% since Jul 2024. An annual price increase of 3.5% takes the average property value to 223,000
There were 9 repossession sales for Wales in Jun 2024.
Average price by property type for Wales
| Property type | Aug 2024 | Aug 2023 | Difference % |
|---|---|---|---|
| Detached | 328,000 | 323,000 | 1.7 |
| Semi-detached | 217,000 | 208,000 | 4.1 |
| Terraced | 177,000 | 170,000 | 4.2 |
| Flat/maisonette | 147,000 | 140,000 | 4.7 |