April 2020 UK HPI from HM Land Registry

UK House Price Index April 2020

This is the first publication of the UK House Price Index since May 2020 following the decision to suspend the index as a result of the effect the COVID-19 pandemic had on the reporting of the data.

Between now and 21 October, we will be publishing the reports that were meant to be published during the period of suspension to enable the August data to be released on 21 October as originally scheduled before the disruption earlier this year. This report was originally scheduled to be released in June of this year. The full calendar of release dates can be found here.

The April data shows:

  • on average, house prices have fallen by 0.2% since March 2020
  • there has been an annual price rise of 2.6%, which makes the average property in the UK valued at £234,612.

England

In England, the April data shows on average, house prices have fallen by 0.3% since March 2020. The annual price rise of 2.5% takes the average property value to £250,874.

The regional data for England indicates that:

  • The East of England experienced the greatest monthly price rise, up by 1.5%
  • The South West saw the most significant monthly price fall, down by 2.5%
  • The East Midlands experienced the greatest annual price rise, up by 4.7%
  • The North East saw the lowest annual price growth, down by 2.7%

 

Price change by region for England

Region

Average price April 2020

Monthly change % since March 2020

East Midlands

£200,513

1.1

East of England

£295,640

1.5

London

£480,425

-1.6

North East

£125,938

-2.4

North West

£167,809

-0.2

South East

£327,413

0.2

South West

£255,891

-2.5

West Midlands

£202,093

0.4

Yorkshire and the Humber

£165,561

-0.1

 

Repossession sales by volume for England

The lowest number of repossession sales in February 2020 was in the East of England.

The highest number of repossession sales in February 2020 was in the North West.

Repossession sales

February 2020

East Midlands

47

East of England

13

London

35

North East

84

North West

106

South East

53

South West

38

West Midlands

56

Yorkshire and The Humber

95

England

527

 

Average price by property type for England

Property type

April 2020

April 2019

Difference %

Detached

£384,063

£371,113

3.5

Semi-detached

£236,018

£229,399

2.9

Terraced

£205,492

£198,335

3.6

Flat/maisonette

£220,812

£222,913

-0.9

All

£250,874

£244,662

2.5

 

Funding and buyer status for England

Transaction type

Average price

April 2020 

Annual price change % since April 2019

Monthly price change % since March 2020

Cash

£234,272

1.8

-0.7

Mortgage

£259,111

2.8

-0.1

First-time buyer

£210,404

2.4

-0.2

Former owner occupier

£284,796

2.7

-0.3

 

Building status for England

Building status*

Average price

February 2020 

Annual price change % since February 2019

Monthly price change % since

January 2020

New build

£316,668

1.9

-1.9

Existing resold property

£243,618

1.6

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.

 

London

London shows, on average, house prices have fallen by 1.6% since March 2020. An annual price rise of 2.3% takes the average property value to £480,425.

Average price by property type for London

Property type

April 2020

April 2019

Difference %

Detached

£971,142

£886,952

9.5

Semi-detached

£602,377

£570,672

5.6

Terraced

£511,058

£489,897

4.3

Flat/maisonette

£410,745

£411,728

-0.2

All

£480,425

£469,537

2.3

 

Funding and buyer status for London

Transaction type

Average price

April 2020 

Annual price change % since April 2019

Monthly price change % since March 2020

Cash

£504,860

2.0

-1.8

Mortgage

£473,059

2.4

-1.5

First-time buyer

£417,555

1.6

-2.2

Former owner occupier

£547,020

3.3

-0.8

 

Building status for London

Building status*

Average price

February 2020 

Annual price change % since February 2019

Monthly price change % since

January 2020

New build

£511,689

3.9

-1.6

Existing resold property

£476,738

2.9

0.6

*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 0.6% since March 2020. An annual price rise of 5.0% takes the average property value to £169,489.

There were 43 repossession sales for Wales in February 2020.

Average price by property type for Wales

Property type

April 2020

April 2019

Difference %

Detached

£253,393

£243,846

3.9

Semi-detached

£164,188

£156,028

5.2

Terraced

£134,051

£125,083

7.2

Flat/maisonette

£112,239

£113,448

-1.1

All

£169,489

£161,456

5.0

 

Funding and buyer status for Wales

Transaction type

Average price April 2020 

Annual price change % since April 2019

Monthly price change % since March 2020

Cash

£163,014

3.8

-0.2

Mortgage

£173,229

5.6

0.9

First-time buyer

£147,239

5.6

1.1

Former owner occupier

£195,068

4.3

0.0

 

Building status for Wales

Building status*

Average price

February 2020 

Annual price change % since February 2019

Monthly price change % since

January 2020

New build

£227,230

4.5

-1.4

Existing resold property

£162,911

4.7

2.1

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

HM Land Registery

News stories direct from HM Land Registry.

You May Also Enjoy

Breaking News

Top tips to make your home winter-ready for a successful sale

Following the festive period, many people turn their thoughts and attention to potential new year property aspirations. Traditionally, record numbers of people jump onto property-related websites after Christmas and into the New Year, so it’s a great time to consider marketing your home, knowing there are tens of thousands of extra people seriously considering a…
Read More
Breaking News

Propertymark Annual Sales Price Report 2025

With housing being a fundamental need and playing a vital role in the UK economy, a strong housing market is a vital factor, this report examines the strength of the housing market and looks at average prices year on year. Headline figures The entire of 2024 vs 2025 The number of properties placed for sale…
Read More
Breaking News

Lloyds reveals its 2025 housing hot spots

Plymouth property prices up +12.6% over the past year   Hull joins the top 10, up +6.5%, and fresh from being named a 2026 ‘Best of the World’ destination by National Geographic   Value of a London home dipped slightly (-0.1%) but remain the most expensive overall, averaging £574,514   Amanda Bryden, Head of Mortgages…
Read More
Breaking News

2025: A landmark year for UK renters and homebuyers – what consumers need to know

From major rental reforms to new powers tackling unsafe or empty buildings, 2025 has become one of the most transformative years for housing across the UK. Whether renting, buying, or managing a property, millions of people will feel the effects of the changes rolling out nation by nation. Propertymark has broken down what these changes…
Read More
Estate Agent Talk

Are ‘for sale’ boards becoming obsolete?

Earlier this year, Westminster Council announced that it would apply to ban estate agents from displaying sales boards outside residential properties in the local area; now, Epping Forest Council is the latest to follow suit. With this in mind, Jack Malnick, Property Expert and Managing Director at Sell House Fast has shared his thoughts on…
Read More
Christmas Decorations - Good or Bad for Selling
Breaking News

A More Affordable Christmas for Homebuyers

The latest research from award-winning mortgage adviser, Alexander Hall, has revealed that – despite the government failing to leave any affordability-focused initiatives under the tree in the recent Autumn Budget – this Christmas is shaping up to be a far more positive one for the nation’s homebuyers, as borrowers entering the market today are benefitting…
Read More