UK House Price Index: November 2020

21st January 2021

The Office for National Statistics has published the report on 20th January 2021.

Main points

UK average house prices increased by 7.6% over the year to November 2020, up from 5.9% in October 2020, to stand at a record high of £250,000; this is the highest annual growth rate the UK has seen since June 2016.

Average house prices increased over the year in England to £267,000 (7.6%), Wales to £180,000 (7.0%), Scotland to £166,000 (8.6%) and Northern Ireland to £143,000 (2.4%).

London's average house price surpassed £500,000 for the first time in November 2020.

The North East is the final English region to surpass its pre-economic downturn average house price peak of July 2007, to now stand at £140,000.

Read the full report with more data and graphs HERE