HM Land Registry: UK House Price Index September 2021
The latest UK House Price Index September 2021 data shows house price changes for England, Scotland, Wales and Northern Ireland up to end of September 2021.
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
England
In England the September data shows, on average, house prices have risen by 2.9% since August 2021. The annual price rise of 11.5% takes the average property value to £287,895.
The regional data for England indicates that:
- the North West experienced the greatest monthly rise with a movement of 5.3%
- London saw the lowest monthly price growth, with a fall of -2.9%
- the North West experienced the greatest annual price rise, up by 16.8%
- London saw the lowest annual price growth, with a rise of 2.8%
Price change by region for England
| Region | Average price September 2021 | Annual change % since September 2020 | Monthly change % since August 2021 |
| East Midlands | £231,318 | 14.7 | 4.9 |
| East of England | £327,982 | 9.3 | 1.7 |
| London | £507,253 | 2.8 | -2.9 |
| North East | £152,776 | 13.3 | 3.8 |
| North West | £203,661 | 16.8 | 5.3 |
| South East | £370,886 | 11.7 | 3.0 |
| South West | £301,327 | 11.7 | 4.0 |
| West Midlands | £231,501 | 11.7 | 3.1 |
| Yorkshire and the Humber | £192,354 | 11.9 | 4.0 |
Repossession sales by volume for England
The lowest number of repossession sales in July 2021 was in the East of England.
The highest number of repossession sales in July 2021 was in the North West.
| Repossession sales | July 2021 |
| East Midlands | 7 |
| East of England | 5 |
| London | 13 |
| North East | 13 |
| North West | 23 |
| South East | 12 |
| South West | 9 |
| West Midlands | 9 |
| Yorkshire and the Humber | 10 |
| England | 101 |
Average price by property type for England
| Property type | September 2021 | September 2020 | Difference % |
| Detached | £447,617 | £394,660 | 13.4 |
| Semi-detached | £273,470 | £243,296 | 12.4 |
| Terraced | £236,797 | £210,491 | 12.5 |
| Flat/maisonette | £241,884 | £228,668 | 5.8 |
| All | £287,895 | £258,155 | 11.5 |
Funding and buyer status for England
| Transaction type | Average price September 2021 | Annual price change % since September 2020 | Monthly price change % since August 2021 |
| Cash | £269,903 | 11.3 | 3.1 |
| Mortgage | £296,869 | 11.6 | 2.9 |
| First-time buyer | £239,659 | 11.2 | 3.1 |
| Former owner occupier | £329,229 | 11.9 | 2.8 |
Building status for England
| Building status* | Average price July 2021 | Annual price change % since July 2020 | Monthly price change % since June 2021 |
| New-build | £357,759 | 14.1 | 1.9 |
| Existing resold property | £263,010 | 5.4 | -5.4 |
*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 have fallen by 2.9% since August 2021. An annual price rise of 2.8% takes the average property value to £507,253.
Average price by property type for London
| Property type | September 2021 | September 2020 | Difference % |
| Detached | £1,035,215 | £941,153 | 10 |
| Semi-detached | £658,301 | £609,487 | 8 |
| Terraced | £554,568 | £525,821 | 5.5 |
| Flat/maisonette | £422,054 | £425,218 | -0.7 |
| All | £507,253 | £493,205 | 2.8 |
Funding and buyer status for London
| Transaction type | Average price September 2021 | Annual price change % since September 2020 | Monthly price change % since August 2021 |
| Cash | £516,420 | 0.7 | -5.5 |
| Mortgage | £503,133 | 3.3 | -2.3 |
| First-time buyer | £437,511 | 2.0 | -3.0 |
| Former owner occupier | £583,667 | 4.0 | -2.8 |
Building status for London
| Building status* | Average price July 2021 | Annual price change % since July 2020 | Monthly price change % since June 2021 |
| New-build | £532,674 | 7.2 | 4.3 |
| Existing resold property | £497,872 | 2.9 | -1.6 |
*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 have risen by 2.5% since August 2021. An annual price rise of 15.4% takes the average property value to £196,216.
There were 6 repossession sales for Wales in July 2021.
Average price by property type for Wales
| Property type | September 2021 | September 2020 | Difference % |
| Detached | £301,194 | £257,516 | 17.0 |
| Semi-detached | £187,935 | £164,718 | 14.1 |
| Terraced | £153,280 | £132,127 | 16.0 |
| Flat/maisonette | £129,167 | £115,579 | 11.8 |
| All | £196,216 | £170,030 | 15.4 |
Funding and buyer status for Wales
| Transaction type | Average price September 2021 | Annual price change % since September 2020 | Monthly price change % since August 2021 |
| Cash | £190,831 | 15.6 | 3.3 |
| Mortgage | £199,445 | 15.3 | 2.1 |
| First-time buyer | £168,657 | 15.0 | 2.2 |
| Former owner occupier | £228,652 | 15.8 | 2.7 |
Building status for Wales
| Building status* | Average price July 2021 | Annual price change % since July 2020 | Monthly price change % since June 2021 |
| New-build | £269,287 | 19.8 | 3.5 |
| Existing resold property | £180,109 | 9.1 | -6.1 |
*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 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.
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.
Kindly shared by HM Land Registry
Main article photo courtesy of Pixabay
