UK House Price Index for June 2022

The June data shows:

  • monthly house prices rose by 1% since May 2022

  • an annual price increase of 7.8% which takes the average property value in the UK to £286,397

England

In England the June data shows, on average, house prices have risen by 0.9% since May 2022. The annual price rise of 7.3% takes the average property value to £304,867.

The regional data for England indicates that:

  • the East of England experienced the greatest increase in its average property value over the last 12 months with a movement of 9.7%

  • the North East saw the lowest annual price growth with an increase of 3.6%

  • Yorkshire and the Humber saw the most significant monthly price fall with a movement of -0.4% since May 2022

  • the North West experienced the greatest monthly growth with an increase of 2.1% since May 2022

Price change by region for England

RegionAverage price June 2022Annual change % since June 2021Monthly change % since May 2022
East Midlands£245,9119.31.7
East of England£354,4819.70.5
London£537,9206.31.9
North East£157,9243.61.7
North West£212,3476.22.1
South East£390,5138.90.8
South West£322,32980.5
West Midlands£246,1146.60
Yorkshire and the Humber£203,9734.2-0.4

Repossession sales by volume for England

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

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

Repossession salesApril 2022
East Midlands4
East of England0
London4
North East9
North West6
South East6
South West4
West Midlands2
Yorkshire and the Humber2
England37

Average price by property type for England

Property typeJune 2022June 2021Difference %
Detached£473,654£436,0698.6
Semi-detached£292,222£268,9558.7
Terraced£250,778£235,8286.3
Flat/maisonette£252,431£241,8894.4
All£304,867£284,2527.3

Funding and buyer status for England

Transaction typeAverage price June 2022Annual price change % since June 2021Monthly price change % since May 2022
Cash£285,1516.30.7
Mortgage£314,6617.61
First-time buyer£254,11071.3
Former owner occupier£348,5757.60.6

Building status for England

Building statusAverage price June 2022Annual price change % since June 2021Monthly price change % since May 2022
New build£404,58716.9-4
Existing resold property£291,69211.31.1

London

London shows, on average, house prices have risen by 1.9% since May 2022. An annual price rise of 6.3% takes the average property value to £537,920.

Average price by property type for London

Property typeJune 2022June 2021Difference %
Detached£1,080,081£995,6148.5
Semi-detached£694,334£639,7878.5
Terraced£590,640£553,4406.7
Flat/maisonette£447,046£425,8115
All£537,920£505,9986.3

Funding and buyer status for London

Transaction typeAverage price June 2022Annual price change % since June 2021Monthly price change % since May 2022
Cash£553,4096.61.7
Mortgage£532,2306.21.9
First-time buyer£464,7675.82.1
Former owner occupier£617,5897.11.6

Building status for London

Building statusAverage price June 2022Annual price change % since June 2022Monthly price change % since June 2021
New build£567,5268.8-4.3
Existing resold property£522,2266.90.9

Wales

Wales shows, on average, house prices have risen by 0.6% since May 2022. An annual price rise of 8.6% takes the average property value to £213,091.

There were 2 repossession sale for Wales in April 2022.

Average price by property type for Wales

Property typeJune 2022June 2021Difference %
Detached£322,562£295,1889.3
Semi-detached£207,493£189,0739.7
Terraced£167,929£155,1118.3
Flat/maisonette£133,647£129,4563.2
All£213,091£196,2218.6

Funding and buyer status for Wales

Transaction typeAverage price June 2022Annual price change % since June 2021Monthly price change % since May 2022
Cash£205,85880.6
Mortgage£217,2788.90.6
First-time buyer£184,5378.71.2
Former owner occupier£246,5988.60.1

Building status for Wales

Building statusAverage price June 2022Annual price change % since June 2021Monthly price change % since May 2022
New build£309,12221.7-3.8
Existing resold property£205,81315.52.1

Access the full UK HPI

UK house prices

UK house prices increased by 7.8% in the year to June 2022, down from 12.8% in May 2022. On a non-seasonally adjusted basis, average house prices in the UK increased by 1.0% between May and June 2022, down from an increase of 5.7% during the same period a year earlier (May and June 2021).

The UK Property Transactions Statistics showed that in June 2022, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 95,420. This is 54.3% lower than a year ago (June 2021). Between May and June 2022, UK transactions decreased by 7.9% on a seasonally adjusted basis.

House price growth was strongest in the East of England where prices increased by 9.7% in the year to June 2022. The lowest annual growth was in North East, where prices increased by 3.6% in the year to June 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 July 2022 UK HPI at 9:30am on Wednesday 14 September 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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