GovWire

UK House Price Index for August 2022

Land Registry

October 19
08:30 2022

The August data shows:

  • on average, house prices have risen 0.9% since July 2022
  • there has been an annual price rise of 13.6% which makes the average property in the UK valued at 295,903

England

In England, the August data shows on average, house prices have risen by 1% since July 2022. The annual price rise of 14.3% takes the average property value to 315,965.

The regional data for England indicates that:

  • the East Midlands experienced the greatest monthly rise with an increase of 2.3%
  • the West Midlands saw the lowest monthly price growth, with a movement of -0.2%
  • the South West experienced the greatest annual price rise, up by 17%
  • London saw the lowest annual price growth, with a rise of 8.3%

Price change by region for England

Region Average price August 2022 Annual change % since August 2021 Monthly change % since July 2022
East Midlands 255,114 16.9 2.3
East of England 364,885 14.3 1.2
London 552,755 8.3 0.9
North East 164,395 14.3 0.9
North West 219,025 15.3 0.4
South East 406,981 14.8 1.4
South West 335,927 17 1.3
West Midlands 255,202 13.9 -0.2
Yorkshire and the Humber 212,313 13.9 0.8

Repossession sales by volume for England

The lowest number of repossession sales in May 2022 was in the South West.

The highest number of repossession sales in May 2022 was in the North East.

Repossession sales May 2022
East Midlands 7
East of England 4
London 6
North East 25
North West 14
South East 10
South West 3
West Midlands 6
Yorkshire and the Humber 20
England 95

Average price by property type for England

Property type August 2022 August 2021 Difference %
Detached 497,992 429,637 15.9
Semi-detached 301,973 263,191 14.7
Terraced 258,301 226,049 14.3
Flat/maisonette 259,591 233,812 11
All 315,965 276,457 14.3

Funding and buyer status for England

Transaction type **Average price August 2022 Annual price change % since August 2021 Monthly price change % since July 2022
Cash 295,374 13.8 1.1
Mortgage 326,163 14.5 1
First-time buyer 262,022 14 0.8
Former owner occupier 362,680 14.6 1.2

Building status for England

Building status Average price August 2022 Annual price change % since August 2021 Monthly price change % since July 2022
New build 420,641 22.3 2.7
Existing resold property 297,193 5.9 1.2

London

London shows, on average, house prices have risen by 0.9% since July 2022. An annual price rise of 8.3% takes the average property value to 552,755.

Average price by property type for London

Property type August 2022 August 2021 Difference %
Detached 1,121,142 1,036,859 8.1
Semi-detached 714,098 651,633 9.6
Terraced 604,387 553,544 9.2
Flat/maisonette 459,400 428,618 7.2
All 552,755 510,268 8.3

Funding and buyer status for London

Transaction type Average price August 2022 Annual price change % since August 2021 Monthly price change % since July 2022
Cash 569,354 6.3 0.7
Mortgage 546,765 8.8 0.9
First-time buyer 476,248 8.4 0.7
Former owner occupier 636,231 8.1 1

Building status for London

Building status Average price August 2022 Annual price change % since August 2021 Monthly price change % since July 2022
New build 593,168 17.2 2.3
Existing resold property 532,570 4.9 1.8

Wales

Wales shows, on average, house prices have risen by 0.2% since July 2022. An annual price rise of 14.6% takes the average property value to 220,059.

There were 5 repossession sales for Wales in August 2022.

Average price by property type for Wales

Property type August 2022 August 2021 Difference %
Detached 339,517 293,535 15.7
Semi-detached 212,933 186,319 14.3
Terraced 171,347 149,275 14.8
Flat/maisonette 137,934 124,553 10.7
All 220,059 192,019 14.6

Funding and buyer status for Wales

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