UK House Price Index for November 2020

The November data shows:

  • on average, house prices have risen 1.2% since October 2020
  • there has been an annual price rise of 7.6% which makes the average property in the UK valued at £249,633

England

In England, the November data shows on average, house prices have risen by 1.2% since October 2020. The annual price rise of 7.6% takes the average property value to £266,742.

The regional data for England indicates that:

  • London experienced the greatest monthly price rise, up by 4%
  • the East of England saw the lowest monthly price growth, with a fall of -0.3%
  • London and Yorkshire and the Humber experienced the greatest annual price rise, up by 9.7%
  • the East of England saw the lowest annual price growth, with a rise of 4.8%

Price change by region for England

RegionAverage price November 2020Annual change % since November 2019Monthly change % since October 2020
East Midlands£208,6627.10.6
East of England£302,6244.8-0.3
London£513,9979.74.0
North East£140,2488.32.6
North West£180,2808.50.2
South East£342,2716.21.2
South West£278,3918.51.1
West Midlands£213,9746.91.0
Yorkshire and the Humber£180,8569.71.9

Repossession sales by volume for England

The lowest number of repossession sales in September 2020 was in the East of England.

The highest number of repossession sales in September 2020 was in the North East.

Repossession salesSeptember 2020
East Midlands22
East of England7
London23
North East60
North West66
South East36
South West14
West Midlands20
Yorkshire and the Humber48
England296

Average price by property type for England

Property typeNovember 2020November 2019Difference %
Detached£409,644£377,2938.6
Semi-detached£251,846£234,0087.6
Terraced£217,744£201,0288.3
Flat/maisonette£233,614£222,2435.1
All£266,742£247,8677.6

Funding and buyer status for England

Transaction typeAverage price November 2020Annual price change % since November 2019Monthly price change % since October 2020
Cash£250,2557.31.1
Mortgage£274,9997.81.3
First-time buyer£222,3347.21.2
Former owner occupier£304,6598.11.2

Building status for England

Building status*Average price September 2020Annual price change % since September 2019Monthly price change % since August 2020
New build£323,9944.9-0.7
Existing resold property£256,2394.31.3

*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 rose by 4.0% since October 2020. An annual price rise of 9.7% takes the average property value to £513,997.

Average price by property type for London

Property typeNovember 2020November 2019Difference %
Detached£982,085£904,4928.6
Semi-detached£636,993£580,1169.8
Terraced£548,982£495,18610.9
Flat/maisonette£442,304£405,6539.0
All£513,997£468,7579.7

Funding and buyer status for London

Transaction typeAverage price November 2020Annual price change % since November 2019Monthly price change % since October 2020
Cash£539,79210.55.4
Mortgage£506,2039.43.6
First-time buyer£445,9459.33.8
Former owner occupier£586,66210.14.2

Building status for London

Building status*Average price September 2020Annual price change % since September 2019Monthly price change % since August 2020
New build£507,9612.0-0.9
Existing resold property£496,5414.51.4

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

Wales

Wales shows, on average, house prices have risen 2.0% since October 2020. An annual price rise of 7.0% takes the average property value to £180,229.

There were 36 repossession sales for Wales in September 2020.

Average price by property type for Wales

Property typeNovember 2020November 2019Difference %
Detached£273,737£254,1217.7
Semi-detached£174,223£163,5736.5
Terraced£140,917£130,6647.8
Flat/maisonette£118,998£116,7341.9
All£180,229£168,5167.0

Funding and buyer status for Wales

Transaction typeAverage price November 2020Annual price change % since November 2019Monthly price change % since October 2020
Cash£175,1237.02.1
Mortgage£183,2897.01.9
First-time buyer£155,2706.72.0
Former owner occupier£209,4687.21.9

Building status for Wales

Building status*Average price September 2020Annual price change % since September 2019Monthly price change % since August 2020
New build£227,4094.7-3.7
Existing resold property£167,7944.0-1.8

*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

Google Chrome is blocking downloads of our UK HPI data files (Chrome 88 onwards). Please use another internet browser while we resolve this issue. We apologise for any inconvenience caused.

The UK HPI is based on completed housing transactions. Typically, a house purchase can take 6 to 8 weeks to reach completion. The price data feeding into the November 2020 UK HPI will mainly reflect those agreements that occurred after the government measures to reduce the spread of coronavirus (COVID-19) took hold.

UK house prices

UK house prices increased by 7.6% in the year to November 2020, up from 5.9% in October 2020. On a non-seasonally adjusted basis, average house prices in the UK increased by 1.2% between October and November 2020, compared with a fall of 0.4% during the same period a year earlier (October and November 2019).

The UK Property Transactions Statistics showed that in November 2020, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 115,190. This is 19.3% higher than a year ago. Between October and November 2020, UK transactions increased by 8.6% on a seasonally adjusted basis.

House price growth was strongest in Yorkshire and the Humber and London where prices increased by 9.7% in the year to November 2020. The lowest annual growth was in the East of England, where prices increased by 4.8% in the year to November 2020, up from 4.3% in the year to October 2020.

See the economic statement.

Background

  1. The UK House Price Index (HPI) is published on the second or third Wednesday of each month with Northern Ireland figures updated quarterly. The December 2020 UK HPI will be published at 9.30am on Wednesday 17 February 2021. 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 also available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions involving the creation of 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 have been introduced for England and Wales within the downloadable data. Tables will be available in csv format. See about the UK HPI f

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