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House prices (UK): Social Indicators page

Published Thursday, May 23, 2019

Trends in house prices and affordability in the UK.

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The average UK property price increased from £223,612 to £226,798 in the year to 1 March 2019, a 1.4% increase.

The largest annual increases in house prices were in Yorkshire and the Humber (3.6%), the West Midlands (3.4%) and Scotland (3.3%). The South East (-0.4%), North East (-0.8%) and London (-1.9%) were the only regions to see decreases. Statistics for Northern Ireland are only produced quarterly - prices grew by 3.5% between quarter 1 2018 and quarter 1 2019.

 

 

 

 

 

 

In 2018, the ratio of median house prices to median earnings was 7.8, which remained unchanged from the high set in 2017. The ratio of lower-quartile house prices to lower-quartile earnings was 7.2.

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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