Trends in house prices and affordability in the UK.Jump to full report >>
The average UK property price increased from £224,287 to £230,630 in the year to 1 November 2018, a 2.8% increase.
The largest increases in house prices were in the West Midlands (4.6%), East Midlands ( 4.4%) and South West (4.3%). 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.