Reports
House price recovery continued in November
- UK house prices rose 0.2% month on month in November
- Annual growth remains weak but strongest since Feb 2023
- House prices down 2% compared with a year ago
House prices increase in October, but remain lower than a year ago
- UK house prices rose by 0.9% month on month in October
- House prices down 3.3% on October last year
House price growth remained weak in September
- House prices unchanged over the month, but remain down 5.3% year on year (c.£14,500)
- All regions recorded annual house price falls in Q3
- South West was the weakest performing region, with prices down 6.3% year on year
August sees further weakness in house prices
- House prices fell 0.8% month on month in August
- House prices now 5.3% below August 2022 peak
- Represents annual fall of c£14,600 on a typical home
Bedrooms, bathrooms and extensions: what adds value to your home in 2023?
- Home improvements that add floor area, such as an extension or loft conversion, can add up to 25% to a property’s value
- Extending to accommodate an extra bedroom can add nearly 15% to the value of the house
- Extra bathroom adds 6% to value of the average home
Annual house price growth edged further into negative territory in July
- July saw house prices fall 0.2% month on month
- Annual rate of house price growth remained negative at -3.8%, down from -3.5% in June
House prices relatively stable in June but annual growth remains in negative territory
- House prices remain broadly flat over the month, but down 3.5% compared with June 22
- All regions except Northern Ireland recorded annual price falls in Q2
- East Anglia was the weakest performing region with prices down 4.7% year-on-year
Annual house price growth slips back in May
- May saw a 0.1% month-on-month fall in house prices
- Annual rate of house price growth slipped back to -3.4%, from -2.7% in April
House price growth shows signs of stabilisation in April
- April saw a 0.5% rise in house prices after seven consecutive falls
- Annual rate of house price growth improves to -2.7% from -3.1% in March
House prices record seventh consecutive monthly decline in March
- House prices down 3.1% year-on-year in March – the largest annual decline since July 2009
- All regions saw a slowing in price growth in Q1, with most seeing small year-on-year falls
- West Midlands was the strongest performing region, while Scotland remained the weakest
Annual house price growth turns negative in February, falling to its weakest level since 2012
- House prices down 1.1% year-on-year in February - the first annual decline since June 2020 and the weakest since November 2012
- February sees 0.5% month-on-month fall, with prices 3.7% lower than the August 2022 peak
2023 begins with further slowing in annual house price growth
- Annual house price growth slowed to 1.1%, from 2.8% in December
- January sees a further monthly decline, with prices now 3.2% below August’s peak
