HM Land Registry publishes the House Price Index data for March 2023

HM Land Registry publishes the House Price Index data for March 2023, covering the house prices changes across the UK.

The March data shows:

• • on average, house prices have fallen by 1.2% since February 2023
  • there has been an annual price rise of 4.1% which makes the average property in the UK valued at £285,009.
  • In England, house prices fell 1.5% between February 2023 and March 2023 and rose 4.1% annually taking the average property value to £304,193
  • In London, house prices fell 1.7% between February 2023 and March 2023 and rose 1.5% annually taking the average property value to £523,325
  • In Wales, house prices fell 0.6% between February 2023 and March 2023 and rose 4.8% annually taking the average property value to £214,174

The regional data for England indicates that:

• • No region saw a monthly price rise. The South East experienced the smallest monthly fall with a movement of -0.4%
  • the West Midlands saw the most significant monthly price fall, with a movement of –4.0%
  • the South West experienced the greatest annual price rise, up by 5.4%
  • London saw the lowest annual price growth, with an increase of 1.5%

Average price by property type for England:

Average price by property type for London:

Average price by property type for Wales:

You can see the full HPI data here, including repossessions, funding and buyer type and building status.

Next publication of UK HPI:

The April 2023 UK HPI will be published at 9.30am on Wednesday 21 June 2023. 

Kindly shared by HM Land Registry

Main article photo courtesy of Pixabay