HM Land Registry House Price Index April 2024 published

HM Land Registry House Price Index April 2024 is published, showing house price changes for England, Scotland, Wales and Northern Ireland.

The April data shows:

• • on average, house prices have risen 0.3% since March 2024
  • there has been an annual price rise of 1.1% which makes the average property in the UK valued at £281,000

England

In England the April data shows, on average, house prices have risen by 0.3% since March 2024. The annual price rise of 0.6% takes the average property value to £298,000.

The regional data for England indicates that:

• • the South-East experienced the most significant monthly increase with a movement of 1.4%
  • Yorkshire and the Humber saw the greatest monthly price fall, with a fall of -1.4%
  • the South-West experienced the greatest annual price rise, up by 1.8%
  • London saw the lowest annual price growth, with a fall of -3.9%

Price change by region for England:

Repossession sales by volume for England:

The lowest number of repossession sales in February 2024 was in the East of England.

The highest number of repossession sales in February 2024 was in the South East.

Average price by property type for England:

Funding and buyer status for England:

Building status for England:

*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

London

London shows, on average, house prices fell by 0.2% since March 2024. An annual price fall of 3.9% takes the average property value to £502,000. 

Average price by property type for London:

Funding and buyer status for London:

Building status for London:

*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

Wales

Wales shows, on average, house prices fell by 2.1% since March 2024. An annual price increase of 0.4% takes the average property value to £208,000.

There were 4 repossession sales for Wales in February 2024.

Average price by property type for Wales:

Funding and buyer status for Wales:

Building status for Wales:

*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

UK house prices:

UK house prices rose by 1.1% in the year to April 2024, compared with an increase of 0.9% in the 12 months to March 2024. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.3% between March 2024 and April 2024, compared with a increase of 0.1% during the same period a year earlier (March and April 2023).

The UK Property Transactions Statistics showed that in April 2024, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 90,000. This is 9.8% higher than a year ago (April 2023). Between March 2024 and April 2024, UK transactions increased by 4.6% on a seasonally adjusted basis.

House price monthly increase was highest in the South East where prices increased by 1.4% in the year to April 2024. The highest annual growth was in the the North West, where prices increased by 3.8% in the year to April 2024.

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. As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.

Access the full UK HPI.

Kindly shared by HM Land Registry