September 2019 UK House Price Index published by HM Land Registry
The September 2019 UK House Price Index published by HM Land Registry shows house price changes for England, Scotland, Wales and Northern Ireland.
The September data shows:
- on average, house prices have fallen by 0.2% since August 2019
- there has been an annual price rise of 1.3%, which makes the average property in the UK valued at £234,370
England
In England, the September data shows on average, house prices have fallen by 0.1% since August 2019. The annual price rise of 1.0% takes the average property value to £250,677.
The regional data for England indicates that:
- the South East experienced the greatest monthly price rise, up by 1.0%
- the East Midlands saw the most significant monthly price fall, down by 1.2%
- the North West experienced the greatest annual price rise, up by 2.8%
- London saw the largest annual price fall, down by 0.4%
Price change by region for England
| Region | Average price September 2019 | Monthly change % since August 2019 |
| East Midlands | £194,219 | -1.2 |
| East of England | £291,993 | -0.4 |
| London | £474,601 | -0.1 |
| North East | £132,769 | 0.0 |
| North West | £167,683 | -0.3 |
| South East | £329,197 | 1.0 |
| South West | £260,158 | 0.0 |
| West Midlands | £201,273 | -0.4 |
| Yorkshire and the Humber | £165,745 | -0.1 |
Repossession sales by volume for England
The lowest number of repossession sales in July 2019 was in the East of England.
The highest number of repossession sales in July 2019 was in the North West.
| Repossession sales | July 2019 |
| East Midlands | 49 |
| East of England | 17 |
| London | 37 |
| North East | 95 |
| North West | 100 |
| South East | 73 |
| South West | 36 |
| West Midlands | 62 |
| Yorkshire and the Humber | 95 |
| England | 564 |
Average price by property type for England
| Property type | September 2019 | September 2018 | Difference % |
| Detached | £379,547 | £377,614 | 0.5 |
| Semi-detached | £235,060 | £231,961 | 1.3 |
| Terraced | £202,801 | £200,684 | 1.1 |
| Flat/maisonette | £229,632 | £227,508 | 0.9 |
| All | £250,677 | £248,248 | 1.0 |
Funding and buyer status for England
| Transaction type | Average price September 2019 | Annual price change % since September 2018 | Monthly price change % since August 2019 |
| Cash | £236,176 | 0.9 | 0.1 |
| Mortgage | £257,991 | 1.0 | -0.2 |
| First-time buyer | £210,288 | 1.1 | 0.3 |
| Former owner occupier | £284,504 | 0.9 | -0.5 |
Building status for England
| Building status* | Average price July 2019 | Annual price change % since July 2018 | Monthly price change % since June 2019 |
| New build | £316,789 | 4.3 | 5.7 |
| Existing resold property | £245,173 | 0.3 | 0.8 |
*Figures for the two 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 0.1% since August 2019. An annual price fall of 0.4% takes the average property value to £474,601.
Average price by property type for London
| Property type | September 2019 | September 2018 | Difference % |
| Detached | £898,080 | £912,657 | -1.6 |
| Semi-detached | £577,052 | £583,686 | -1.1 |
| Terraced | £495,621 | £496,528 | -0.2 |
| Flat/maisonette | £415,907 | £416,752 | -0.2 |
| All | £474,601 | £476,545 | -0.4 |
Funding and buyer status for London
| Transaction type | Average price September 2019 | Annual price change % since September 2018 | Monthly price change % since August 2019 |
| Cash | £492,860 | -1.6 | -0.2 |
| Mortgage | £468,756 | -0.1 | 0.0 |
| First-time buyer | £415,618 | -0.1 | 0.5 |
| Former owner occupier | £534,794 | -0.8 | -0.8 |
Building status for London
| Building status* | Average price July 2019 | Annual price change % since July 2018 | Monthly price change % since June 2019 |
| New build | £505,255 | 1.9 | 6.3 |
| Existing resold property | £478,564 | -1.2 | 1.5 |
*Figures for the two 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 fallen by 2.8% since August 2019. An annual price rise of 2.6% takes the average property value to £164,433.
There were 50 repossession sales for Wales in July 2019.
Average price by property type for Wales
| Property type | September 2019 | September 2018 | Difference % |
| Detached | £248,355 | £241,750 | 2.7 |
| Semi-detached | £159,217 | £154,531 | 3.0 |
| Terraced | £126,582 | £124,437 | 1.7 |
| Flat/maisonette | £117,776 | £113,273 | 4.0 |
| All | £164,433 | £160,265 | 2.6 |
Funding and buyer status for Wales
| Transaction type | Average price September 2019 | Annual price change % since September 2018 | Monthly price change % since August 2019 |
| Cash | £160,269 | 2.9 | -2.5 |
| Mortgage | £166,913 | 2.5 | -2.9 |
| First-time buyer | £141,838 | 2.4 | -2.7 |
| Former owner occupier | £190,830 | 2.8 | -2.8 |
Building status for Wales
| Building status* | Average price July 2019 | Annual price change % since July 2018 | Monthly price change % since June 2019 |
| New build | £226,290 | 8.3 | 6.3 |
| Existing resold property | £161,603 | 3.8 | 0.9 |
*Figures for the two 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 grew by 1.3% in the year to September 2019, unchanged from 2019.
The UK Property Transaction Statistics for September 2019 showed that on a seasonally adjusted basis, the number of transactions on residential properties with a value of £40,000 or greater was 101,740. This is 2.3% higher than a year ago. Between August 2019 and September 2019, transactions increased by 5.0%.
House price growth was strongest in Northern Ireland where prices increased by 4.0% over the year to Quarter 3 (July to September) 2019. The lowest annual growth was in London, where prices fell by 0.4% over the year to September 2019.
See the economic statement.
Kindly shared by HM Land Registry
