Reports
House price growth slows in April but remains in double digits
- Annual UK house price growth slowed modestly to 12.1% in April, down from 14.3% in March
- Prices up 0.3% month-on-month after taking account of seasonal effects
- Poll reveals 38% actively moving or considering move
UK house price growth surges to its highest level since 2004
- Annual house price growth increased to 14.3%, from 12.6% in February
- Wales remained strongest performing region in Q1 2022, while London remained weakest
- Detached properties have increased by nearly £68,000 since onset of pandemic, while average flat prices up £24,000
House price growth accelerated in February, with average price up £29,000 over the last year
- Annual UK house price growth increased to 12.6% in February, from 11.2% in January
- Prices up 1.7% month-on-month
- Average house price exceeds £260,000 for first time
- Price of typical home 20% higher than February 2020
House price growth makes a strong start to 2022
- Annual house price growth increased to 11.2% in January, from 10.4% in December
- Prices up 0.8% month-on-month
- Strongest start to the year since 2005
Local Affordability Report: Britain's most and least affordable areas to live
- London borough of Kensington and Chelsea least affordable; East Ayrshire in Scotland remains most affordable
- North East has smallest gap between least and most affordable boroughs, London has largest
- 25% of local authorities have seen an improvement in affordability since 2016
- Westminster, Cambridge, Reading and Aberdeen amongst areas which have seen largest improvements, due to earnings growth outpacing house price growth
- Around 45% of local authorities now have an HPER of 6+, compared with c35% in 2016
UK house prices end the year at a record high, with annual price growth in double digits
- Annual house price growth increased to 10.4%, from 10.0% in November
- 2021 was the strongest calendar year for house price growth since 2006
- Price of a typical UK home hit record high of £254,822, up nearly £24,000 over the year
- Wales was the strongest performing region in 2021, London the weakest
House price growth edges back into double digits in November
- Annual house price growth increased slightly in November to 10.0%
- Prices up 0.9% month-on-month
Affordability special report: Raising a deposit still the biggest hurdle for first time buyers despite affordability becoming more stretched
- High house prices relative to average earnings continue to make raising a deposit a significant barrier for first time buyers (FTBs)
- 20% deposit equivalent to 110% average income – a record high and up from 102% one year ago
- House prices have risen quicker than earnings over last year resulting in increase in cost of servicing a mortgage relative to take-home pay
- North region & Scotland remain most affordable
Price of a typical UK home tops quarter of million pounds for first time
- Annual house price growth remained elevated at 9.9% in October
- Prices up 0.7% month-on-month
- Average property price up by more than £30k since the pandemic struck
Annual house price growth slows in September, but remains in double digits
- Annual house price growth eased back to 10.0%, from 11.0% in August.
- Prices little changed month-on-month, after taking account of seasonal factors
- Wales and Northern Ireland the strongest performing regions in Q3, London the weakest
- Cost of typical mortgage as share of take home pay above long run average in 10 of 13 UK regions, up from 1 pre-pandemic (see p2)
August upturn as UK house price growth increases to 11%
- Annual house price growth rose to 11.0% from 10.5% in July
- Prices up 2.1% month-on-month, the second largest gain in 15 years
- Average house price nudges towards £250k mark
Energy efficiency ratings currently having limited impact on house prices despite push to go green
- 1.7% house price premium for an owner occupier property rated A or B compared to a D-rated home
- Properties rated F or G attract a 3.5% discount compared to a similar D-rated property
