UK House Price Index for July 2019

Row of brick and flint terraced houses

The July data shows:

  • on average, house prices have risen by 0.5% since June 2019
  • there has been an annual price rise of 0.7%, which makes the average property in the UK valued at £232,710.

England

In England, the July data shows on average, house prices have risen by 0.5% since June 2019. The annual price rise of 0.3% takes the average property value to £248,837.

The regional data for England indicates that:

  • Yorkshire and the Humber experienced the greatest monthly price rise, up by 3.2%
  • the North East saw the most significant monthly price fall, down by 2.1%
  • Yorkshire and the Humber experienced the greatest annual price rise, up by 1.9%
  • the North East saw the largest annual price fall, down by 2.9%

Price change by region for England

Region Average price July 2019 Monthly change % since June 2019
East Midlands £194,798 0.3
East of England £292,444 0.1
London £477,813 1.0
North East £127,466 -2.1
North West £166,022 1.0
South East £320,454 -0.7
South West £258,602 1.2
West Midlands £199,802 1.2
Yorkshire and the Humber £167,181 1.9

Repossession sales by volume for England

The lowest number of repossession sales in May 2019 was in the East of England.

The highest number of repossession sales in May 2019 was in the North West.

Repossession sales May 2019
East Midlands 51
East of England 11
London 51
North East 84
North West 140
South East 89
South West 45
West Midlands 61
Yorkshire and The Humber 85
England 617

Average price by property type for England

Property type July 2019 July 2018 Difference %
Detached £375,593 £376,383 0.2
Semi-detached £232,963 £231,083 0.8
Terraced £202,253 £200,525 0.9
Flat/maisonette £227,828 £228,677 -0.4
All £248,837 £247,981 0.3

Funding and buyer status for England

Transaction type Average price July 2019 Annual price change % since July 2018 Monthly price change % since June 2019
Cash £233,891 0.2 0.4
Mortgage £256,347 0.4 0.6
First-time buyer £209,289 0.7 0.9
Former owner occupier £281,680 0.0 0.1

Building status for England

Building status* Average price May 2019 Annual price change % since May 2018 Monthly price change % since April 2019
New build £302,142 1.6 -1.1
Existing resold property £242,166 0.9 0.4

*Figures for the two 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 1.0% since June 2019. An annual price fall of 1.4% takes the average property value to £477,813.

Average price by property type for London

Property type July 2019 July 2018 Difference %
Detached £900,963 £929,011 -3.0
Semi-detached £582,005 £591,665 -1.6
Terraced £495,372 £504,801 -1.9
Flat/maisonette £420,219 £424,322 -1.0
All £477,813 £484,724 -1.4

Funding and buyer status for London

Transaction type Average price July 2019 Annual price change % since July 2018 Monthly price change % since June 2019
Cash £502,685 -1.4 1.4
Mortgage £470,331 -1.4 0.9
First-time buyer £417,824 -1.3 1.2
Former owner occupier £539,459 -1.6 0.7

Building status for London

Building status* Average price May 2019 Annual price change % since May 2018 Monthly price change % since April 2019
New build £474,404 -3.4 -2.7
Existing resold property £464,372 -2.8 -1.1

*Figures for the two 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 1.0.% since June 2019. An annual price rise of 4.2% takes the average property value to £165,303.

There were 62 repossession sales for Wales in May 2019.

Average price by property type for Wales

Property type July 2019 July 2018 Difference %
Detached £248,324 £239,992 3.5
Semi-detached £159,374 £152,727 4.4
Terraced £128,766 £122,692 5.0
Flat/maisonette £116,882 £113,148 3.3
All £165,303 £158,626 4.2

Funding and buyer status for Wales

Transaction type Average price July 2019 Annual price change % since July 2018 Monthly price change % since June 2019
Cash £160,445 4.0 1.3
Mortgage £168,171 4.3 0.9
First-time buyer £143,080 4.6 1.2
Former owner occupier £191,105 3.8 0.8

Building status for Wales

Building status* Average price May 2019 Annual price change % since May 2018 Monthly price change % since April 2019
New build £214,053 5.7 -0.6
Existing resold property £158,746 4.5 0.2

*Figures for the two 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 grew by 0.7% in the year to July 2019, down from 1.4% in June 2019. This is the lowest annual growth rate for the UK since September 2012, when house prices increased by 0.4%.

The UK Property Transaction Statistics for July 2019 showed that on a seasonally adjusted basis, the number of transactions on residential properties with a value of £40,000 or greater was 86,490. This is 12.4% lower than a year ago. Between June 2019 and July 2019, transactions fell by 8.5%.

House price growth was strongest in Wales where prices increased by 4.2% in the year to July 2019, down slightly from 4.3% in the year to June 2019. The lowest annual growth was in the North East, where prices fell by 2.9% over the year to July 2019.

See the economic statement.

/Public Release. View in full here.