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House prices (UK): Social Indicators page

Published Tuesday, March 20, 2018

Trends in house prices and affordability in the UK.

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The average UK property price increased from £215,084 to £225,621 in the year to January 2018, a 4.9% increase.

The largest increases in house prices were in Scotland and the East Midlands(7.3%), the South West (6.9%), East of England (5.3%) and West Midlands (5.3%). The North East saw the smallest increase (0.7%). 

 Average property prices





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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