England house prices grew by 7.0% in the year to July 2021, down from 13.2% in June 2021. The North East was the fastest growing region with annual growth of 10.8% in the year to July 2021. The lowest annual growth was in London, where prices increased by 2.2% over the year to July 2021.
On a non-seasonally adjusted basis, average house prices in England decreased by 4.5% between June and July 2021, compared with an increase of 1.0% during the same period a year earlier (June and July 2020). On a seasonally adjusted basis, average house prices in England decreased by 5.2% between June and July 2021.
Comparing the provisional volume estimate for May 2020 with the provisional estimate for May 2021, volume transactions increased by 2.3% in England. UK volume transactions increased by 25.5% over the same period.
UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period), report that on a non-seasonally adjusted basis, volume transactions increased by 115.0% in England in the year to May 2021.
Headline statistics:
- The average price of a property in England was £270,973
- The annual price change of a property in England was 7%
- The monthly price change of a property in England was -4.5%
- The index figure for England (January 2015 = 100) was 133.6
Annual price change
Annual price change for England and London over the past 5 years
Average house prices in England increased by 7.0% in the year to July 2021, down from 13.2% in May 2021.
In London, average house prices increased by 2.2% in the year to July 2021, down from an increase of 5.1% in June 2021.
Average price by local authority for England
In July 2021, the most expensive area to purchase a property was Kensington and Chelsea, where the average cost was £1.3 million. In contrast, the cheapest area to purchase a property was Burnley, where the average cost was £101,000.
Average price change by property type
Average price change by property type for England
Sales volumes
The amount of time between the sale of a property and the registration of this information varies. It typically ranges between 2 weeks and 2 months but can be longer. Volume figures for the most recent 2 months are not yet at a reliable level for reporting, so they are not included in the report. Published transactions for recent months will increase as later registered transactions are incorporated into the index.
Sales volume data is also available by property status (new build and existing property) and funding status (cash and mortgage) in downloadable data tables. Transactions involving the creation of a new register, such as new builds, are more complex and require more time to process. Read Revisions to the UK HPI data for more information.
Sales volumes for England over the past five years
Comparing the provisional volume estimate for May 2020 with the provisional estimate for May 2021, volume transactions increased by 2.3% in England.
Sales volumes for London over the past 5 years
Property status
Transactions involving the creation of a new register, such as new builds, are more complex and need more time to process. This means they can take longer to appear in the land registers. The volume of new build transactions for the most recent 2 months are not at a reliable level for reporting the breakdown between new build and existing resold property, so they are not included in the report.
New build and existing resold property for England by region
For more information please visit: UK House Price Index – GOV.UK (www.gov.uk)
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