Uk House Price Index For April 2021

16th June 2021

The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.

In the past 12 months all those involved in the property market have been impacted by the effects of coronavirus (COVID-19); HM Land Registry is no different and, as a result, this release of the UK House Price index is not as complete as it could be.

The data is accurate; however, this release may be subject to increased revisions as more data is added over the coming months.

The April data shows:

on average, house prices have fallen 1.9% since March 2021
there has been an annual price rise of 8.9% which makes the average property in the UK valued at £250,772.

England
In England the April data shows, on average, house prices have fallen by 1.9% since March 2021. The annual price rise of 8.9% takes the average property value to £268,380.

The regional data for England indicates that:

the East of England experienced the greatest monthly price rise, up by 0.3%
Yorkshire and the Humber saw the lowest monthly price growth, with a fall of 3.7%
the North East experienced the greatest annual price rise, up by 16.9%
London saw the lowest annual price growth, with a rise of 3.3%

Repossession sales by volume for England
The lowest number of repossession sales in February 2021 was in the East of England and the South West.

The highest number of repossession sales in February 2021 was in the North West.

London
London shows, on average, house prices have fallen by 2.0% since March 2021. An annual price rise of 3.3% takes the average property value to £491,687.

UK house prices
UK house prices increased by 8.9% in the year to April 2021, down from 9.9% in March 2021. On a non-seasonally adjusted basis, average house prices in the UK decreased by 1.9% between March and April 2021, compared with a decrease of 1.0% during the same period a year earlier (March and April 2020).

The UK Property Transactions Statistics showed that in April 2021, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 117,860. This is 179.6% higher than a year ago. Between March and April 2021, UK transactions decreased by 35.7% on a seasonally adjusted basis.

House price growth was strongest in the North East where prices increased by 16.9% in the year to April 2021. The lowest annual growth was in London, where prices increased by 3.3% in the year to April 2021.