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House prices (UK): Social Indicators page

Published Thursday, June 14, 2018

Trends in house prices and affordability in the UK.

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The average UK property price increased from £218,481 to £226,906 in the year to 1 April 2018, a 3.9% increase.

House price inflation - UK House Price Index

The largest increases in house prices were inthe South West (6.1%), the West Midlands (5.9%) and Scotland (5.6%). The smallest increase was in London (1.0%).

Average property prices by region (click to enlarge)

 

 

 

 

 

In 2016, the ratio of median house prices to median earnings was 7.8, a new high. The ratio of lower-quartile house prices to lower-quartile earnings was 7.1.

House prices and median earnings ratio

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: Lydia Jackson

Topics: Housing, Owner occupation

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