House prices in April 2021

by The Pro Landscaper Team | 01 Jul 21 | Featured Slider, Insight, News, Pro Landscaper iQ

House prices

UK house prices increased by 8.9% in the year to April 2021, down from 9.9% in March 2021. On a non-seasonally adjusted basis, average house prices in the UK decreased by 1.9% between March and April 2021, compared with a decrease of 1.0% during the same period a year earlier (March and April 2020).

The North East showed the strongest house price growth. Prices rose by 16.9% in the year to April 2021. The lowest annual growth was in London, where prices increased by 3.3% in the year to April 2021.

The UK Property Transactions Statistics showed that in April 2021, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 117,860. This is 179.6% higher than a year ago. Between March and April 2021, UK transactions decreased by 35.7% on a seasonally adjusted basis.

The Bank of England’s Agents summary of business conditions 2021 Q1 reported that contacts said the outlook for the housing market had improved, with activity supported by the extension of the property transaction tax holiday and of the Coronavirus Job Retention Scheme. Estate agents expressed concern about a shortage of properties for sale and said buyers appeared to be less price sensitive than normal.

House price changes

Annual house price changes

Annual price change for UK country over the past 5 years:

Average house prices in the UK increased by 8.9% in the year to April 2021, down from 9.9% in March 2021.

At the country level, the largest annual house price growth in the year to April 2021 was recorded in Wales, where house prices increased by 15.6%.

Scotland saw house prices increase by 6.3% in the year to April 2021.

England saw house prices increase by 8.9% in the year to April 2021.

Northern Ireland saw house prices increase by 6.0% over the year to Quarter 1 (January to March) 2021.

Average price by country and government office region

Price, monthly change and annual change by country and government office region

Price changes by country and government office region

On a non-seasonally adjusted basis, average house prices in the UK decreased by 1.9% between March and April 2021, compared with a decrease of 1.0% during the same period a year earlier (March and April 2020). On a seasonally adjusted basis, average house prices in the UK decreased by 2.2 between March and April 2021.

Average price by property type

Average monthly price by property type

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 our 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.

Number of sales volumes by country

Comparing the provisional volume estimate for February 2020 with the provisional estimate for February 2021, volume transactions increased by 31.7% in England, 25.5% in Scotland and by 2.8% in Wales. Northern Ireland’s volume transactions increased by 41.8% in the year to Quarter 1 2021.

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 50.0% in England, 22.6% in Scotland, 20.6% in Wales and 27.9% in Northern Ireland in the year to February 2021.

Sales volumes for the UK over the past 5 years

Sales volumes for 2017 to 2021 by country: February

Note: The number of property transactions for February 2021 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for February 2020 with the provisional estimate for February 2021, UK volume transactions increased by 29.9% in the year to February 2021.

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, UK volume transactions increased by 46.1% in the year to February 2021.

Property status for UK

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