House of Commons Library

House prices (UK): Social Indicators page

Published Tuesday, August 8, 2017

Trends in house prices and affordability in the UK.

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The average UK property price increased from £210,872 to £220,713 in the year to 1 May 2017, a 4.7% increase.

House price inflation (click to enlarge)

 

 

 

 

 

The largest increases in house prices were in the East of England (7.5%), East Midlands (7.2%) and South West (5.5%). Northern Ireland saw the smallest increase (0.6%).

Average property prices by region (click to enlarge)


 

 

 

 

 

 

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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