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House prices (UK): Social Indicators page

Published Wednesday, November 14, 2018

Trends in house prices and affordability in the UK.

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The average UK property price increased from £224,729 to £232,554 in the year to 1 September 2018, a 3.5% increase.

The largest increases in house prices were in the West Midlands (6.1%), East Midlands  (6.0%) and Scotland and Wales (both 5.8%). London  was the only region to see a decrease (-0.3%).

 

 

 

 

 

 

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.

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: Yago Zayed

Topics: Housing, Owner occupation

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