UK House Price Index For September 2021

18th November 2021

From the Land Registry office. The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.

In the past 18 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 we add more data over the coming months. See Reducing delays for further information.

The September data shows:

on average, house prices have increased 2.5% since August 2021
there has been an annual price rise of 11.8% which makes the average property in the UK valued at £269,945.

UK house prices
UK house prices increased by 11.8% in the year to September 2021, up from 10.2% in August 2021. On a non-seasonally adjusted basis, average house prices in the UK increased by 2.5% between August and September 2021, compared with an increase of 1.1% during the same period a year earlier (August and September 2020).

The UK Property Transactions Statistics showed that in September 2021, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 160,950. This is 68.4% higher than a year ago. Between August and September 2021, UK transactions increased by 67.5% on a seasonally adjusted basis, following a record level of transaction numbers in June 2021, and the subsequent reduction which followed in July.

House price growth was strongest in the North West where prices increased by 16.8% in the year to September 2021. The lowest annual growth was in London, where prices increased by 2.8% in the year to September 2021.

See the economic statement.

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 September 2021 UK HPI will mainly reflect those agreements that occurred after the government measures to reduce the spread of COVID-19 took hold.

To read the detailed report go to -
https://www.gov.uk/government/news/uk-house-price-index-for-september-2021