Average house prices in the UK increased 3.5% year-over-year in April to an average price of £286,000; price is up £9,000 year-over-year, but £7,000 below September 2022 peak: Office for National Statistics

Sample article from our Housing & Economy

LONDON , June 21, 2023 (press release) –

Monthly house price inflation in the UK, calculated using data from HM Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland.

Main points

  • Average UK house prices increased by 3.5% in the 12 months to April 2023, down from 4.1% in March 2023.
  • The average UK house price was £286,000 in April 2023, which is £9,000 higher than 12 months ago, but £7,000 below the recent peak in September 2022.
  • Average house prices increased over the 12 months to £306,000 in England (3.7%), £213,000 in Wales (2.0%), £187,000 in Scotland (2.0%) and £172,000 in Northern Ireland (5.0%).
  • The North East saw the highest annual percentage change of all English regions in the 12 months to April 2023 (5.5%), while London saw the lowest (2.4%).

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.

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