UK House Price Index for October 2019

England

In England the October data shows, on average, house prices have fallen by 0.7% since September 2019. The annual price rise of 0.5% takes the average property value to £248,939.

The regional data for England indicates that:

• Yorkshire and the Humber experienced the greatest monthly price rise, up by 0.9%
• the North East saw the most significant monthly price fall, down by 2.3%
• Yorkshire and the Humber experienced the greatest annual price rise, up by 3.2%
• London saw the largest annual price fall, down by 1.6%

Price change by region for England

Repossession sales by volume for England

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

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

Average price by property type for England

Funding and buyer status for England

Building status for England

*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 1.7% since September 2019. An annual price fall of 1.6% takes the average property value to £472,232.

Average price by property type for London

Funding and buyer status for London

Building status for London

*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 0.7% since September 2019. An annual price rise of 3.3% takes the average property value to £166,245.

There were 41 repossession sales for Wales in August 2019.

Average price by property type for Wales

Funding and buyer status for Wales

Building status for Wales

*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 0.7% in the year to October 2019, down from 1.3% in September 2019.

The UK Property Transaction Statistics for October 2019 showed that on a seasonally adjusted basis, the number of transactions on residential properties with a value of £40,000 or greater was 103,680. This is 4.3% higher than a year ago. Between September 2019 and October 2019, transactions increased by 4.3%.

House price growth was strongest in Northern Ireland where prices increased by 4.0% over the year to Quarter 3 (July to September) 2019. The lowest annual growth was in London, where prices fell by 1.6% over the year to October 2019.

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 November 2019 UK HPI will be published at 9.30am on Wednesday 15 January 2020. 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