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House prices (UK): Social Indicators page

Published Monday, November 27, 2017

Trends in house prices and affordability in the UK.

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The average UK property price increased from £210,872 to £226,185 in the year to July 2017, a 5.1% increase.

The largest increases in house prices were in the North West (6.5%), East Midlands (6.4%) and South West (6.4%). London saw the smallest increase (2.6%).

 


 

 

 

 

In 2016, the ratio of median house prices to median earnings was 7.6, a new high. The ratio of lower-quartile house prices to lower-quartile earnings was 7.0.

The UK House Price Index is produced by the Land Registry and the Office for National Statistics. Alternative measures of house prices include indices from Nationwide, Halifax and the Royal Institute of Chartered Surveyors.

Commons Briefing papers SN02645

Author: Cassie Barton

Topics: Housing, Owner occupation

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