UK House Price Index October 2019 from HM Land Registry
The UK House Price Index October 2019 data shows, on average, house prices have fallen by 0.7% since September 2019.
There has been an annual price rise of 0.7%, which makes the average property in the UK valued at £232,944.
England
In England, the October data shows on average, house prices have fallen by 0.7% since September 2019. The annual price rise of 0.5% takes the average property value to £248,939.
The regional data for England indicates that:
- Yorkshire and The Humber experienced the greatest monthly price rise, up by 0.9%;
- The North East saw the most significant monthly price fall, down by 2.3%;
- Yorkshire and The Humber experienced the greatest annual price rise, up by 3.2%; and
- London saw the largest annual price fall, down by 1.6%
Price change by region for England
| Region | Average price October 2019 | Monthly change % since September 2019 |
| East Midlands | £194,134 | -0.7 |
| East of England | £293,928 | -0.1 |
| London | £472,232 | -1.7 |
| North East | £129,360 | -2.3 |
| North West | £166,134 | -0.6 |
| South East | £323,438 | -0.8 |
| South West | £258,372 | -0.8 |
| West Midlands | £198,345 | -1.6 |
| Yorkshire and the Humber | £166,904 | 0.9 |
Repossession sales by volume for England
The lowest number of repossession sales in August 2019 was in the East of England.
The highest number of repossession sales in August 2019 was in the North West.
| Repossession sales | August 2019 |
| East Midlands | 38 |
| East of England | 17 |
| London | 47 |
| North East | 95 |
| North West | 114 |
| South East | 56 |
| South West | 43 |
| West Midlands | 53 |
| Yorkshire and The Humber | 98 |
| England | 561 |
Average price by property type for England
| Property type | October 2019 | October 2018 | Difference % |
| Detached | £380,536 | £376,569 | 1.1 |
| Semi-detached | £236,574 | £231,502 | 2.2 |
| Terraced | £201,972 | £199,857 | 1.1 |
| Flat/maisonette | £219,581 | £227,981 | -3.7 |
| All | £248,939 | £247,757 | 0.5 |
Funding and buyer status for England
| Transaction type | Average price
October 2019 |
Annual price change % since October 2018 | Monthly price change % since September 2019 |
| Cash | £234,020 | 0.3 | -0.9 |
| Mortgage | £256,437 | 0.5 | -0.7 |
| First-time buyer | £207,818 | 0.0 | -1.1 |
| Former owner occupier | £283,897 | 1.0 | -0.4 |
Building status for England
| Building status* | Average price
August 2019 |
Annual price change % since August 2018 | Monthly price change % since
July 2019 |
| New build | £308,817 | 0.8 | -2.3 |
| Existing resold property | £246,673 | 0.7 | 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 1.7% since September 2019. An annual price fall of 1.6% takes the average property value to £472,232.
Average price by property type for London
| Property type
|
October 2019 | October 2018 | Difference % |
| Detached | £925,920 | £919,012 | 0.8 |
| Semi-detached | £597,056 | £586,432 | 1.8 |
| Terraced | £499,178 | £498,816 | 0.1 |
| Flat/maisonette | £405,595 | £420,614 | -3.6 |
| All | £472,232 | £480,057 | -1.6 |
Funding and buyer status for London
| Transaction type | Average price
October 2019 |
Annual price change % since October 2018 | Monthly price change % since September 2019 |
| Cash | £493,426 | -2 | -1.8 |
| Mortgage | £465,671 | -1.5 | -1.6 |
| First-time buyer | £409,769 | -2.4 | -2.3 |
| Former owner occupier | £538,723 | -0.5 | -0.8 |
Building status for London
| Building status* | Average price August 2019 | Annual price change % since August 2018 | Monthly price change % since July 2019 |
| New build | £485,103 | -2.3 | -3.9 |
| Existing resold property | £475,381 | -0.6 | -0.5 |
*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 risen by 0.7% since September 2019. An annual price rise of 3.3% takes the average property value to £166,245.
There were 41 repossession sales for Wales in August 2019.
Average price by property type for Wales
| Property type | October 2019 | October 2018 | Difference % |
| Detached | £252,594 | £243,578 | 3.7 |
| Semi-detached | £161,273 | £155,410 | 3.8 |
| Terraced | £128,934 | £124,220 | 3.8 |
| Flat/maisonette | £112,018 | £114,523 | -2.2 |
| All | £166,245 | £160,955 | 3.3 |
Funding and buyer status for Wales
| Transaction type | Average price October 2019 | Annual price change % since October 2018 | Monthly price change % since September 2019 |
| Cash | £162,145 | 3.7 | 1.0 |
| Mortgage | £168,690 | 3.1 | 0.5 |
| First-time buyer | £143,234 | 3.1 | 0.5 |
| Former owner occupier | £193,185 | 3.5 | 0.8 |
Building status for Wales
| Building status* | Average price August 2019 | Annual price change % since August 2018 | Monthly price change % since July 2019 |
| New build | £222,470 | 4.2 | -1.4 |
| Existing resold property | £165,315 | 4.7 | 2.5 |
*Figures for the two most recent months are not being published because there are not enough new build transactions to give a meaningful result.
UK house prices increased by 0.7% in the year to October 2019, down from 1.3% in September 2019.
The UK Property Transaction Statistics for October 2019 showed that on a seasonally adjusted basis, the number of transactions on residential properties with a value of £40,000 or greater was 103,680. This is 4.3% higher than a year ago. Between September 2019 and October 2019, transactions increased by 4.3%.
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 1.6% over the year to October 2019.
See the economic statement.
Kindly shared by HM Land Registry
