House of Commons Library

House prices (UK): Social Indicators page

Published Thursday, September 28, 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.

 House price inflation

 

 

 

 The largest increases in house prices were in the  East Midlands (7.5%), East of England (7.1%) and South West (7.0%). London saw the smallest increase (2.8%).

Average property prices


 

 

 

 

 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.

Ratio of lower quartile / median house prices to lower quartile / median earnings

 

 

 

 

 

 

 

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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