Land Registry
The August data shows:
- on average, house prices have risen 0.3% since July 2023
- there has been an annual price rise of 0.2% which makes the average property in the UK valued at 291,044
England
In England the August data shows, on average, house prices have risen by 0.2% since July 2023. There has been no annual price change, taking the average property value to 309,616.
The regional data for England indicates that:
- the North East experienced the greatest monthly rise with a movement of 1.3%
- the East of England saw the lowest monthly price growth, with a fall of -0.7%
- the North East experienced the greatest annual price rise, up by 3.6%
- the East of England saw the lowest annual price growth, with a fall of -1.6%
Price change by region for England
| Region | Average price August 2023 | Annual change % since August 2022 | Monthly change % since August 2023 |
|---|---|---|---|
| East Midlands | 250,818 | 0.5 | 0.6 |
| East of England | 350,728 | -1.6 | -0.7 |
| London | 535,597 | -1.4 | -0.1 |
| North East | 165,366 | 3.6 | 1.3 |
| North West | 215,791 | 0.4 | 0.0 |
| South East | 393,417 | -0.6 | -0.1 |
| South West | 328,413 | -1.1 | 1.2 |
| West Midlands | 253,519 | 1.1 | 0.5 |
| Yorkshire and the Humber | 213,264 | 2.2 | 0.4 |
Repossession sales by volume for England
The lowest number of repossession sales in June 2023 was in the East of England.
The highest number of repossession sales in June 2023 was in the North East.
| Repossession sales | June 2023 |
|---|---|
| East Midlands | 3 |
| East of England | 1 |
| London | 11 |
| North East | 14 |
| North West | 8 |
| South East | 11 |
| South West | 5 |
| West Midlands | 6 |
| Yorkshire and the Humber | 7 |
| England | 66 |
Average price by property type for England
| Property type | Aug 2023 | Aug 2022 | Difference % |
|---|---|---|---|
| Detached | 487,570 | 484,643 | -0.6 |
| Semi-detached | 298,943 | 296,289 | -0.9 |
| Terraced | 252,382 | 255,046 | -1 |
| Flat/maisonette | 251,528 | 252,898 | -0.5 |
| All | 309,616 | 309,565 | 0.0 |
Funding and buyer status for England
| Transaction type | Average price Aug 2023 | Annual price change % since Aug 2022 | Monthly price change % since July 2023 |
|---|---|---|---|
| Cash | 289,425 | -0.3 | 0.2 |
| Mortgage | 319,637 | 0.2 | 0.2 |
| First-time buyer | 256,654 | 0 | 0.3 |
| Former owner occupier | 355,528 | 0.1 | 0.1 |
Building status for England
| Building status | Average price June 2023 | Annual price change % since June 2023 | Monthly price change % since May 2023 |
|---|---|---|---|
| New build | 443,821 | 22.1 | 4.6 |
| Existing resold property | 299,068 | 1.1 | 1.3 |
Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
London
London shows, on average, house prices have fallen by -0.1% since July 2023. An annual price fall of -1.4% takes the average property value to 535,597.
Average price by property type for London
| Property type | August 2023 | August 2022 | Difference % |
|---|---|---|---|
| Detached | 1,093,834 | 1,108,205 | -1.3 |
| Semi-detached | 699,732 | 704,338 | -0.7 |
| Terraced | 587,093 | 599,898 | -2.1 |
| Flat/maisonette | 442,916 | 447,939 | -1.1 |
| All | 535,597 | 543,166 | -1.4 |
Funding and buyer status for London
| Transaction type | Average price Aug 2023 | Annual price change % since Aug 2022 | Monthly price change % since July 2023 |
|---|---|---|---|
| Cash | 551,270 | -1.9 | 0.1 |
| Mortgage | 529,999 | -1.3 | -0.1 |
| First-time buyer | 460,990 | -1.2 | 0.0 |
| Former owner occupier | 617,729 | -1.6 | -0.1 |
Building status for London
| Building status | Average price June 2023 | Annual price change % since Jun 2023 | Monthly price change % since May 2023 |
|---|---|---|---|
| New build | 603,182 | 16.7 | 1.0 |
| Existing resold property | 523,961 | -1.6 | 0.2 |
Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
Wales
Wales shows, on average, house prices have fallen by -0.1% since July 2023. An annual price fall of -0.1% takes the average property value to 216,726
There were 10 repossession sales for Wales in June 2023.
Average price by property type for Wales
| Property type | Aug 2023 | Aug 2022 | Difference % |
|---|---|---|---|
| Detached | 331,611 | 332,062 | -0.1 |
| Semi-detached | 210,992 | 210,213 | 0.4 |
| Terraced | 168,890 | 169,742 | -0.5 |
| Flat/maisonette | 136,511 | 13
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