HM Land Registry: UK House Price Index March 2021

The latest UK House Price Index March 2021 data shows the changes in house prices for England, Scotland, Wales and Northern Ireland up to March 2021.

In the past 12 months all those involved in the property market have been affected by 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 below for more information.

The March data shows:

• on average, house prices have risen 1.8% since February 2021
  there has been an annual price rise of 10.2% which makes the average property in the UK valued at £256,405
  In England house prices rose 1.7% between February 2021 and March 2021 and rose 10.2% annually taking the average property value to £274,615
• In London house prices rose 1.0% between February 2021 and March 2021 and rose 3.7% annually taking the average property value to £500,310
• In Wales house prices prices rose 3.1% between February 2021 and March 2021 and rose 11% annually taking the average property value to £185,431
• The regional data for England indicates that:
  • Yorkshire and the Humber experienced the greatest monthly price rise, up by 3.4%
  • The South East saw the lowest monthly price growth, with a fall of 0.9%
  • Yorkshire and the Humber experienced the greatest annual price rise, up by 14.0%
  • London saw the lowest annual price growth, with a rise of 3.7%

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.

Reducing delays

Our absolute top priority is to reduce any delays, both those caused by the pandemic and those existing beforehand.

To simultaneously deliver our services while promoting public health, we are:

• adjusting our resources where necessary
• introducing automation where practical
• recruiting and training more than 500 new staff

Northern Ireland sales volumes

We’ve changed the way we publish the Northern Ireland sales volumes and corrected the way we include them in the UK figures. We’ve produced a monthly estimate by dividing the total sales volumes for the quarter in Northern Ireland by 3.

We previously included the quarterly Northern Ireland data in the monthly UK sales volumes data, which resulted in higher than expected sales figures.

Kindly shared by HM Land Registry