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House prices (UK): Social Indicators page

Published Thursday, January 18, 2018

Trends in house prices and affordability in the UK.

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The average UK property price increased from £215,113 to £226,071 in the year to November 2017, a 5.1% increase.

House price inflation - UK house price index

The largest increases in house prices were in the West Midlands (7.2%), North West (6.2%) and South West (6.2%). London and the North East saw the smallest increase (2.3%).

 


 

 

 

 

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: Lydia Jackson

Topics: Housing, Owner occupation

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