Trends in house prices and affordability in the UK.Jump to full report >>
The average UK property price increased from £224,554 to £231,422 in the year to 1 July 2018, a 3.1% increase.
The largest increases in house prices were in the North West (5.6%), West Midlands, South West and Northern Ireland (Quarter 2-2018) all 4.4% and Wales (4.2%). London was the only region to see a decrease (-0.7%).
In 2017, 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.
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.