UK House Price Index August 2019 published by HM Land Registry
The UK House Price Index August 2019 data shows, on average, house prices have risen by 0.8% since July 2019, with an annual price rise of 1.3%, which makes the average property in the UK valued at £234,853.
England
In England, the August data shows on average, house prices have risen by 0.8% since July 2019. The annual price rise of 1.1% takes the average property value to £251,233.
The regional data for England indicates that:
- The North East experienced the greatest monthly price rise, up by 3.1%;
- London saw the most significant monthly price fall, down by 1.3%;
- The North East experienced the greatest annual price rise, up by 3.3%; and
- London saw the largest annual price fall, down by 1.4%
Price change by region for England
| Region | Average price August 2019 | Monthly change % since July 2019 |
| East Midlands | £197,682 | 1.8 |
| East of England | £294,192 | 0.3 |
| London | £472,753 | -1.3 |
| North East | £134,736 | 3.1 |
| North West | £168,221 | 1.3 |
| South East | £326,232 | 0.8 |
| South West | £260,901 | 0.7 |
| West Midlands | £201,510 | 1.5 |
| Yorkshire and the Humber | £165,767 | 0.2 |
Repossession sales by volume for England
The lowest number of repossession sales in June 2019 was in the East of England.
The highest number of repossession sales in June 2019 was in the North West.
| Repossession sales | June 2019 |
| East Midlands | 48 |
| East of England | 13 |
| London | 37 |
| North East | 104 |
| North West | 107 |
| South East | 40 |
| South West | 37 |
| West Midlands | 51 |
| Yorkshire and The Humber | 83 |
| England | 520 |
Average price by property type for England
| Property type | August 2019 | August 2018 | Difference % |
| Detached | £386,466 | £376,560 | 2.6 |
| Semi-detached | £236,162 | £231,992 | 1.8 |
| Terraced | £204,062 | £201,469 | 1.3 |
| Flat/maisonette | £223,130 | £228,736 | -2.5 |
| All | £251,233 | £248,620 | 1.1 |
Funding and buyer status for England
| Transaction type | Average price
August 2019 |
Annual price change % since August 2018 | Monthly price change % since July 2019 |
| Cash | £236,098 | 0.8 | 0.8 |
| Mortgage | £258,838 | 1.2 | 0.8 |
| First-time buyer | £209,603 | 0.4 | 0.4 |
| Former owner occupier | £286,692 | 1.6 | 1.3 |
Building status for England
| Building status* | Average price
June 2019 |
Annual price change % since June 2018 | Monthly price change % since
May 2019 |
| New build | £301,678 | 0.8 | 0.5 |
| Existing resold property | £243,442 | 0.8 | 0.6 |
*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 1.3% since July 2019. An annual price fall of 1.4% takes the average property value to £472,753.
Average price by property type for London
| Property type
|
August 2019 | August 2018 | Difference % |
| Detached | £908,197 | £912,509 | -0.5 |
| Semi-detached | £579,593 | £583,664 | -0.7 |
| Terraced | £503,279 | £498,383 | 1.0 |
| Flat/maisonette | £408,728 | £420,693 | -2.8 |
| All | £472,753 | £479,550 | -1.4 |
Funding and buyer status for London
| Transaction type | Average price
August 2019 |
Annual price change % since August 2018 | Monthly price change % since July 2019 |
| Cash | £492,700 | -2.4 | -1.5 |
| Mortgage | £466,491 | -1.1 | -1.3 |
| First-time buyer | £411,720 | -1.8 | -1.4 |
| Former owner occupier | £536,680 | -0.9 | -1.2 |
Building status for London
| Building status* | Average price June 2019 | Annual price change % since June 2018 | Monthly price change % since May 2019 |
| New build | £477,195 | -3.0 | 1.1 |
| Existing resold property | £471,747 | -1.6 | 1.6 |
*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 risen by 2.3% since July 2019. An annual price rise of 4.5% takes the average property value to £168,318.
There were 38 repossession sales for Wales in June 2019.
Average price by property type for Wales
| Property type | August 2019 | August 2018 | Difference % |
| Detached | £255,278 | £242,125 | 5.4 |
| Semi-detached | £162,226 | £155,148 | 4.6 |
| Terraced | £130,870 | £125,188 | 4.5 |
| Flat/maisonette | £115,782 | £114,920 | 0.7 |
| All | £168,318 | £161,024 | 4.5 |
Funding and buyer status for Wales
| Transaction type | Average price August 2019 | Annual price change % since August 2018 | Monthly price change % since July 2019 |
| Cash | £163,628 | 4.6 | 2.6 |
| Mortgage | £171,094 | 4.5 | 2.1 |
| First-time buyer | £144,961 | 4.1 | 2.0 |
| Former owner occupier | £195,683 | 5.0 | 2.5 |
Building status for Wales
| Building status* | Average price June 2019 | Annual price change % since June 2018 | Monthly price change % since May 2019 |
| New build | £214,751 | 4.1 | 0.8 |
| Existing resold property | £160,598 | 4.3 | 1.0 |
*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 grew by 1.3% in the year to August 2019, up from 0.8% in July 2019.
The UK Property Transaction Statistics for August 2019 showed that on a seasonally adjusted basis, the number of transactions on residential properties with a value of £40,000 or greater was 99,890. This is 0.9% higher than a year ago. Between July 2019 and August 2019, transactions increased by 15.8%.
House price growth was strongest in Wales where prices increased by 4.5% in the year to August 2019, up from 3.8% in the year to July 2019. The lowest annual growth was in London, where prices fell by 1.4% over the year to August 2019.
See the economic statement.
Kindly shared by HM Land Registry
