UK house prices grew by 4.5% in the year to October 2017, experiencing a 0.3 percentage point decrease from the previous month. The average price of a property in the UK was £223,807, according to HM Land Registry Data
The slowest annual growth was in London at 2.1%, down from 2.9% in September 2017. This is the 11th consecutive month where the growth in London house prices has remained below the UK average.
Average price by country and government office region in Oct 17
Price, monthly change and annual change by country and government office region
| Country and government office region | Price | Monthly change | Annual change |
|---|---|---|---|
| England | £240,860 | -0.6% | 4.7% |
| Northern Ireland (Quarter 3 – 2017) | £132,169 | 3.0% | 6.0% |
| Scotland | £143,544 | -0.7% | 2.8% |
| Wales | £153,316 | 0.8% | 4.5% |
| East Midlands | £184,544 | 0.2% | 7.0% |
| East of England | £289,168 | 0.1% | 6.1% |
| London | £481,102 | -0.9% | 2.1% |
| North East | £127,224 | -0.1% | 2.4% |
| North West | £154,056 | -2.0% | 3.9% |
| South East | £322,311 | -0.5% | 4.6% |
| South West | £251,376 | 0.2% | 6.7% |
| West Midlands Region | £186,351 | -1.1% | 5.2% |
| Yorkshire and The Humber | £155,281 | -1.1% | 3.3% |
Average monthly price by property type
| Property type | October 2017 | October 2016 | Difference |
|---|---|---|---|
| Detached | £340,996 | £323,441 | 5.4% |
| Semi-detached | £211,014 | £200,703 | 5.1% |
| Terraced | £179,327 | £172,619 | 3.9% |
| Flat or maisonette | £201,527 | £194,540 | 3.6% |
| All | £223,807 | £214,107 | 4.5% |
Nov 2017 – Applications by region and country
| Region and country | September applications | October applications | November applications |
|---|---|---|---|
| South East | 372,168 | 407,148 | 408,756 |
| Greater London | 298,966 | 329,865 | 339,086 |
| North West | 176,591 | 195,045 | 200,475 |
| South West | 155,495 | 168,802 | 173,351 |
| West Midlands | 135,283 | 145,121 | 152,816 |
| Yorkshire and the Humber | 122,127 | 135,347 | 135,373 |
| East Midlands | 111,411 | 120,689 | 125,846 |
| Wales | 76,292 | 80,938 | 82,646 |
| North | 72,506 | 82,710 | 81,197 |
| East Anglia | 66,034 | 74,202 | 74,499 |
| Isles of Scilly | 47 | 106 | 92 |
| England and Wales (not assigned) | 67 | 95 | 86 |
| Total | 1,586,987 | 1,740,068 | 1,774,223 |
Top 5 local authority areas
| Top 5 local authority areas | September applications | Top 5 local authority areas | October applications | Top 5 local authority areas | November applications |
|---|---|---|---|---|---|
| Birmingham | 23,631 | Birmingham | 26,232 | Birmingham | 27,715 |
| City of Westminster | 20,892 | City of Westminster | 24,087 | City of Westminster | 23,565 |
| Leeds | 18,076 | Leeds | 19,895 | Leeds | 20,137 |
| Cornwall | 16,809 | Manchester | 17,810 | Cornwall | 18,823 |
| Manchester | 16,290 | Cornwall | 17,794 | Manchester | 18,542 |
Sources
