Uk House Price Index For April 2023

21st June 2023

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

Average UK house prices increased by 3.5% in the 12 months to April 2023, down from 4.1% in March 2023.

The average UK house price was £286,000 in April 2023, which is £9,000 higher than 12 months ago, but £7,000 below the recent peak in September 2022.

Average house prices increased over the 12 months to £306,000 in England (3.7%), £213,000 in Wales (2.0%), £187,000 in Scotland (2.0%) and £172,000 in Northern Ireland (5.0%).

The North East saw the highest annual percentage change of all English regions in the 12 months to April 2023 (5.5%), while London saw the lowest (2.4%).

The April data shows:

on average, house prices have risen by 0.5% since March 2023
there has been an annual price rise of 3.5% which makes the average property in the UK valued at £286,489.

The average house price in Scotland increased by 2.0% over the 12 months to April 2023, down from an increase of 2.9% in the 12 months to March 2023. The average house price in Scotland was £187,000 in April 2023.

1.Main points
Average UK house prices increased by 3.5% in the 12 months to April 2023, down from 4.1% in March 2023.

The average UK house price was £286,000 in April 2023, which is £9,000 higher than 12 months ago, but £7,000 below the recent peak in September 2022.

Average house prices increased over the 12 months to £306,000 in England (3.7%), £213,000 in Wales (2.0%), £187,000 in Scotland (2.0%) and £172,000 in Northern Ireland (5.0%).

The North East saw the highest annual percentage change of all English regions in the 12 months to April 2023 (5.5%), while London saw the lowest (2.4%).

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2.UK house prices
The latest house price data published on GOV.UK by HM Land Registry (HMLR) for April 2023 show that average house prices in the UK increased by 3.5% in the 12 months to April 2023. This was down from 4.1% in the 12 months to March 2023, and the recent peak in annual inflation of 14.2% in July 2022. The average UK house price was £286,000 in April 2023, which is £9,000 higher than 12 months ago, but £7,000 below the recent peak in September 2022.

These estimates are preliminary and are subject to revision. All statistics are non-seasonally adjusted estimates, unless explicitly stated otherwise.

ONS Full Report HERE

See the full UK Gov report HERE