UK House Price Index for April 2022

The April data shows:

  • on average, house prices have risen 1.1% since March 2022

  • there has been an annual price rise of 12.4% which makes the average property in the UK valued at £281,161

England

In England, the April data shows on average, house prices have risen by 0.8% since March 2022. The annual price rise of 11.9% takes the average property value to £299,249.

The regional data for England indicates that:

  • the South West experienced the greatest increase in its average property value over the last 12 months with a movement of 14.1%

  • the East Midlands saw the most significant monthly price fall with a movement of -0.5%

  • the North West experienced the greatest monthly growth with an increase of 2%

  • London saw the lowest annual price growth with an increase of 7.9%

Price change by region for England

RegionAverage price April 2022Annual change % since April 2021Monthly change % since March 2022
East Midlands£237,90412.4-0.5
East of England£344,94311.90.4
London£529,8297.91
North East£155,21510.70.1
North West£208,86713.32
South East£382,79111.9-0.3
South West£318,61014.11.9
West Midlands£242,14511.80.5
Yorkshire and the Humber£201,80612.11.6

Repossession sales by volume for England

The lowest number of repossession sales in February 2022 was in the East of England.

The highest number of repossession sales in February 2022 was in the North West.

Repossession salesFebruary 2022
East Midlands2
East of England0
London5
North East9
North West14
South East7
South West1
West Midlands5
Yorkshire and the Humber8
England51

Average price by property type for England

Property typeApril 2022April 2021Difference %
Detached£471,335£412,89814.2
Semi-detached£286,099£252,70513.2
Terraced£243,702£218,78711.4
Flat/maisonette£247,652£231,5357
All£299,249£267,50011.9

Funding and buyer status for England

Transaction typeAverage price April 2022Annual price change % since April 2021Monthly price change since March 2022
Cash£279,93411.60.9
Mortgage£308,839120.7
First-time buyer£248,67011.20.9
Former owner occupier£342,89312.50.7

Building status for England

*Building statusAverage price April 2022Annual price change % since April 2021Monthly price change % since February 2022
New build£411,55124.77.3
Existing resold property£287,9009.41

*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 risen by 1% since March 2022. An annual price rise of 7.9% takes the average property value to £529,829.

Average price by property type for London

Property typeApril 2022April 2021Difference %
Detached£1,088,765£968,32612.4
Semi-detached£682,453£617,62410.5
Terraced£574,983£528,4798.8
Flat/maisonette£443,216£417,9056.1
All£529,829£491,2217.9

Funding and buyer status for London

Transaction typeAverage price April 2022Annual price change % since April 2021Monthly price change since March 2022
Cash£552,5258.92
Mortgage£522,8067.60.8
First-time buyer£457.4337.10.9
Former owner occupier£608,6648.91.2

Building status for London

*Building statusAverage price April 2022Annual price change % since April 2021Monthly price change % since February 2022
New build£589,87817.18.1
Existing resold property£522,5386.61.4

*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 risen by 2.2% since March 2022. An annual price rise of 16.2% takes the average property value to £211,990.

There were 4 repossession sales for Wales in February 2022.

Average price by property type for Wales

Property typeApril 2022April 2021Difference %
Detached£326,907£276,99518
Semi-detached£205,379£176,13416.6
Terraced£164,838£142,41115.7
Flat/maisonette£133,082£121,3599.7
All£211,990£182,37716.2

Funding and buyer status for Wales

Transaction typeAverage price April 2022Annual price change % since April 2021Monthly price change % since March 2022
Cash£205,19416.22.4
Mortgage£215,96716.32.2
First-time buyer£182,30615.82.3
Former owner occupier£246,94516.82.1

Building status for Wales

*Building statusAverage price April 2022Annual price change % since April 2021Monthly price change % since February 2022
New build£310,37230.95.7
Existing resold property£200,28713.7-0.4

*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

Access the full UK HPI

UK house prices

UK house prices increased by 12.4% in the year to April 2022, up from 9.7% in March 2022. On a non-seasonally adjusted basis, average house prices in the UK increased by 1.1% between March and April 2022, up from a decrease of 1.3% during the same period a year earlier (March and April 2021).

The UK Property Transactions Statistics showed that in April 2022, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 106,780. This is 12.1% lower than a year ago (April 2021). Between March and April 2022, UK transactions decreased by 3.9% on a seasonally adjusted basis.

House price growth was strongest in the South West where prices increased by 14.1% in the year to April 2022. The lowest annual growth was in London, where prices increased by 7.9% in the year to April 2022.

See the economic statement.

The data is accurate. However, this release may be subject to increased revisions as we add more data over the coming months.

Background

  1. We publish the UK House Price Index (HPI) on the second or third Wednesday of each month with Northern Ireland figures updated quarterly. We will publish the May 2022 UK HPI at 9:30am on Wednesday 20 July 2022. See calendar of release dates.

  2. We have made some changes to improve the accuracy of the UK HPI. We are not publishing average price and percentage change for new builds and existing resold property as done previously because there are not currently enough new build transactions to provide a reliable result. This means that in this month’s UK HPI reports, new builds and existing resold property are reported in line with the sales volumes currently available.

  3. The UK HPI revision period has been extended to 13 months, following a review of the revision policy (see calculating the UK HPI section 4.4). This ensures the data used is more comprehensive.

  4. Sales volume data is available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions that require us to create a new register, such as new builds, are more complex and require more time to process. Read revisions to the UK HPI data.

  5. Revision tables are available for England and Wales within the downloadable data in CSV format. See about the UK HPI f

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