UK house prices: how the cost of property has changed where you live

UK house prices: how the cost of property has changed where you live

13th December 2017


The general trend of rising house prices is continuing, with the average UK property reaching £223,807 in October, an increase of 4.5% annually. England continues to see the biggest price increase compared to the rest of the UK, with house prices increasing by 4.7% over the year to October, reaching £240,860 on average.

The area showing the largest annual growth was Swale in Kent, where house prices increased by 15.5% to reach £254,831 on average. The lowest annual growth was recorded in Hartlepool, where average prices fell by 6.1% to an average of £98,712. The City of London meanwhile has seen a growth of 12.2%, with prices standing at an average £889,728.

Average prices/annual change:

England: £240,860 / 4.7%

Scotland: £143,544 / 2.8%

Wales: £153,316 / 4.5%

Northern Ireland: £132,169 / 6.0%

Wales saw average house prices increase by 4.5% to reach £153,316. Gwynedd has seen a 10.6% increases in their average house prices, to reach £158,721.

Rhondda Cynon Taf saw the least growth, a -1.3% fall to see average house prices of £102,707.

Graphic: ONS

Scottish house prices however dropped by -0.7% on average in October compared to September, but they remain up by 2.8% for the year. Na h-Eileanan Siar saw the largest increase in Scotland, recording a rise of 11.6% to £110,441. The market in Edinburgh remains strong, with the average price rising 8.5% to £247,568.

Prices in Aberdeen continue to decrease, with the average property now costing £164,655, down 4.0% on last year. The average price in Northern Ireland stands at £132,169, an increase of 6% over the year. The regional breakdown:

Graphic: ONS

House prices by city

Aberdeen: £164,655 / -4.0%

Bristol: £279,286 / 6.3%

Birmingham: £176,014 / 7.0%

Bradford: £137,345 / 3.8%

Brighton and Hove: £363,561 / 5.5%

Cardiff: £199,747 / 5.5%

Coventry: £178,258 / 9.0%

Dundee: £122,235 / 2.9%

Edinburgh: £247,568 / 8.5%

Glasgow: £122,116 / 4.6%

Hull: £108,497 / 2.9%

Leeds: £173,465 / 2.6%

Leicester: £162,580 / 7.3%

Liverpool: £129,564 / 9.7%

London: £889,728 / 12.2%

Manchester: £169,018 / 8.9%

Newcastle upon Tyne: £153,238 / -2.9%

Norwich: £197,548 / 2.8%

Peterborough: £184,101 / 7.8%

Plymouth: £174,334 / 5.8%

Portsmouth: £208,473 / 8.2%

Preston: £129,542 / 4.3%

Salford: £149,727 / 5.0%

Sheffield: £160,960 / 7.8%

Sunderland: £117,045 / 3.9%

Wakefield: £141,433 / 3.7%

York: £244,560 / 5.0%

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Full data is available via the ONS.

Read more at: https://inews.co.uk/inews-lifestyle/homes-and-gardens/uk-house-prices-property-2/