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April 2019 UK HPI from HM Land Registry

UK House Price Index April 2019

The April data shows, on average, house prices have risen by 0.7% since March 2019. There has been an annual price rise of 1.4%, which makes the average property in the UK valued at £228,903.

England

In England, the April data shows on average, house prices have risen by 0.7% since March 2019. The annual price rise of 1.1% takes the average property value to £245,128.

The regional data for England indicates that:

  • The North East experienced the greatest monthly price rise, up by 5%;
  • The West Midlands saw the most significant monthly price fall, down by 0.2%;
  • East Midlands experienced the greatest annual price rise, up by 2.9%; and
  • London saw the largest annual price fall, down by 1.2%

Price change by region for England

Region

Average price April 2019

Monthly change % since March 2019

East Midlands

£192,682

0.9

East of England

£289,436

0.3

London

£471,504

2.4

North East

£130,888

5

North West

£161,891

0.6

South East

£318,727

-0.1

South West

£253,410

-0.1

West Midlands

£195,498

-0.2

Yorkshire and the Humber

£161,443

0.3

The lowest number of repossession sales in February 2019 was in the East of England.

The highest number of repossession sales in February 2019 was in the North West.
Repossession sales by volume for England

Repossession sales

February 2019

East Midlands

47

East of England

15

London

42

North East

76

North West

130

South East

59

South West

53

West Midlands

39

Yorkshire and the Humber

83

England

544

 

Average price by property type for England

Property type

 

April 2019

April 2018

Difference %

Detached

£374,995

£365,944

2.5

Semi-detached

£229,599

£225,756

1.7

Terraced

£199,363

£196,259

1.6

Flat/maisonette

£220,146

£224,796

-2.1

All

£245,128

£242,396

1.1

 

Funding and buyer status for England

Transaction type

Average price

April 2019 

Annual price change % since April 2018

Monthly price change % since March 2019

Cash

£230,510

1.2

0.8

Mortgage

£252,478

1.1

0.6

First-time buyer

£205,022

0.6

0.5

Former owner occupier

£279,012

1.6

0.8

 

Building status for England

Building status*

Average price

February 2019 

Annual price change % since February 2018

Monthly price change % since

January 2019

New build

£309,985

-0.2

3.4

Existing resold property

£240,302

1.4

-0.4

*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 risen by 2.4% since March 2019. An annual price fall of 1.2% takes the average property value to £471,504.

Average price by property type for London

Property type

 

April 2019

April 2018

Difference %

Detached

£918,256

£898,928

2.2

Semi-detached

£575,153

£579,191

-0.7

Terraced

£497,699

£493,274

0.9

Flat/maisonette

£409,669

£420,315

-2.5

All

£471,504

£477,253

-1.2

 

Funding and buyer status for London

Transaction type

Average price

April 2019 

Annual price change % since April 2018

Monthly price change % since March 2019

Cash

£498,112

-0.9

3.8

Mortgage

£463,653

-1.3

2.1

First-time buyer

£410,705

-1.7

2.1

Former owner occupier

£535,116

-0.5

2.8

 

Building status for London

Building status*

Average price February 2019 

Annual price change % since February 2018

Monthly price change % since January 2019

New build

£488,699

-4.9

1.9

Existing resold property

£464,148

-1.8

-1.3

 

*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 2.4% since March 2019. An annual price rise of 6.7% takes the average property value to £163,902.

There were 48 repossession sales for Wales in January 2019.

Average price by property type for Wales

Property type

April 2019

April 2018

Difference %

Detached

£248,334

£231,170

7.4

Semi-detached

£157,544

£147,853

6.6

Terraced

£127,259

£119,378

6.6

Flat/maisonette

£115,025

£109,533

5

All

£163,902

£153,574

6.7

 

Funding and buyer status for Wales

Transaction type

Average price April 2019 

Annual price change % since April 2018

Monthly price change % since March 2019

Cash

£159,887

7.0

2.9

Mortgage

£166,301

6.6

2.1

First-time buyer

£141,282

6.4

2.3

Former owner occupier

£190,362

7.1

2.6

 

Building status for Wales

Building status*

Average price February 2019 

Annual price change % since February 2018

Monthly price change % since January 2019

New build

£216,913

3.7

3.9

Existing resold property

£155,845

4.0

0.0

*Figures for the two most recent months are not being published because there are not enough new build transactions to give a meaningful result.

Access the full UK HPI

UK house prices rose by 1.4% in the year to April 2019, down from 1.6% in the year to March 2019.

The UK Property Transaction Statistics for April 2019 showed that on a seasonally adjusted basis, the number of transactions on residential properties with a value of £40,000 or greater was 99,420. This is 0.8% higher compared to a year ago. Between March 2019 and April 2019, transactions decreased by 0.3%.

House prices grew fastest in the Wales increasing by 6.7% in the year to April 2019. House prices in London fell by 1.2% over the year to April 2019, up from a fall of 2.5% in March 2019.

See the economic statement.

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