September 2020 UK HPI from HM Land Registry

November 23, 2020

The September data shows:

  • on average, UK house prices have risen 1.7% since August 2020
  • there has been an annual price rise of 4.7%, which makes the average property in the UK valued at £244,513
  • In England house prices have risen by 1.6% since August 2020 and by 4.9% annually taking the average property value to £261,795
  • In London house prices have risen by 0.8% since August 2020 and by 4.1% annually taking the average property value to £496,485
  • In Wales house prices have fallen by 1.9% since August 2020 and risen by 3.8% annually taking the average property value to £170,604
  • The regional data for England indicates that:
    • The South West experienced the greatest monthly price rise, up by 3.3%
    • The East Midlands saw the lowest monthly price growth, with a movement of 0.5%
    • The South West experienced the greatest annual price rise, up by 6.4%
    • The North East saw the lowest annual price growth, with a rise of 3.3%

 

Average price by property type for England

Property type

September 2020

September 2019

Difference %

Detached

£403,358

£378,114

6.7
Semi-detached

£245,523

£233,332

5.2
Terraced

£213,089

£203,148

4.9
Flat/maisonette

£231,842

£227,640

1.8
All

£261,795

£249,637

4.9

 

Average price by property type for London

Property type

September 2020

September 2019

Difference %
Detached

£955,563

£901,921

5.9
Semi-detached

£611,383

£578,597

5.7
Terraced

£530,405

£498,570

6.4
Flat/maisonette

£427,689

£418,324

2.2
All

£496,485

£477,146

4.1

 

Average price by property type for Wales

Property type

September 2020

September 2019

Difference %
Detached

£258,786

£248,638

4.1
Semi-detached

£164,721

£158,429

4.0
Terraced

£133,027

£127,641

4.2
Flat/maisonette

£115,073

£115,173

-0.1
All

£170,604

£164,414

3.8

 

The UK HPI is based on completed housing transactions. Typically, a house purchase can take 6 to 8 weeks to reach completion. The price data feeding into the September 2020 UK HPI will mainly reflect those agreements that occurred after the government measures to reduce the spread of Covid-19 took hold.

UK house prices increased by 4.7% in the year to September 2020, up from 3.0% in August 2020. On a non-seasonally adjusted basis, average house prices in the UK increased by 1.7% between August 2020 and September 2020, compared with a rise of 0.1% during the same period a year earlier (August 2019 and September 2019).

The UK Property Transactions Statistics showed that in September 2020, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 98,010. This is 0.7% lower than a year ago. Between August 2020 and September 2020, UK transactions increased by 21.3% on a seasonally adjusted basis.

House price growth was strongest in England where prices increased by 4.9% in the year to September 2020. The highest annual growth within the English regions was in the South West where average house prices grew by 6.4%. The lowest annual growth was in the North East, where prices increased by 3.3% in the year to September 2020.

You can see the full HPI data here, including repossessions, funding and buyer type and building status.

HM Land Registery

News stories direct from HM Land Registry.

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