UK House Price Index January 2020
April 1, 2020
The January data shows:
-
on average, house prices have fallen by 1.1% since December 2019
-
there has been an annual price rise of 1.3%, which makes the average property in the UK valued at £231,185.
England
In England, the January data shows on average, house prices have fallen by 1.2% since December 2019. The annual price rise of 1.1% takes the average property value to £247,355.
The regional data for England indicates that:
-
The West Midlands experienced the greatest monthly price rise, up by 0.4%
-
The North East saw the most significant monthly price fall, down by 2.6%
-
Yorkshire and the Humber experienced the greatest annual price rise, up by 3.1%
-
The East of England saw the lowest annual price growth, down by 0.6%
Price change by region for England
| Region |
Average price January 2020 |
Monthly change % since December 2019 |
| East Midlands |
£195,707 |
-0.4 |
| East of England |
£286,999 |
-2.2 |
| London |
£476,588 |
-1.1 |
| North East |
£126,592 |
-2.6 |
| North West |
£164,769 |
-1.5 |
| South East |
£320,700 |
-1.2 |
| South West |
£254,320 |
-1.8 |
| West Midlands |
£200,628 |
0.4 |
| Yorkshire and the Humber |
£165,383 |
-0.9 |
Repossession sales by volume for England
The lowest number of repossession sales in November 2019 was in the East of England.
The highest number of repossession sales in November 2019 was in the North West.
| Repossession sales |
November 2019 |
| East Midlands |
45 |
| East of England |
15 |
| London |
53 |
| North East |
107 |
| North West |
135 |
| South East |
48 |
| South West |
53 |
| West Midlands |
58 |
| Yorkshire and The Humber |
89 |
| England |
603 |
Average price by property type for England
| Property type |
January 2020 |
January 2019 |
Difference % |
| Detached |
£371,605 |
£374,559 |
-0.8 |
| Semi-detached |
£235,441 |
£229,019 |
2.8 |
| Terraced |
£201,669 |
£196,453 |
2.7 |
| Flat/maisonette |
£221,053 |
£223,908 |
-1.3 |
| All |
£247,355 |
£244,641 |
1.1 |
Funding and buyer status for England
| Transaction type |
Average price January 2020 |
Annual price change % since January 2019 |
Monthly price change % since December 2019 |
| Cash |
£231,059 |
0.3 |
-1.8 |
| Mortgage |
£255,474 |
1.5 |
-1.0 |
| First-time buyer |
£207,539 |
1.4 |
-1.3 |
| Former owner occupier |
£280,684 |
0.8 |
-1.1 |
Building status for England
| Building status* |
Average price November 2019 |
Annual price change % since November 2018 |
Monthly price change % since October 2019 |
| New build |
£296,789 |
0.0 |
-4.9 |
| Existing resold property |
£245,651 |
0.7 |
0.2 |
*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 1.1% since December 2019. An annual price rise of 1.4% takes the average property value to £476,588.
Average price by property type for London
| Property type
|
January 2020 |
January 2019 |
Difference % |
| Detached |
£880,878 |
£909,861 |
-3.2 |
| Semi-detached |
£584,072 |
£578,054 |
1.0 |
| Terraced |
£505,237 |
£488,264 |
3.5 |
| Flat/maisonette |
£414,346 |
£410,934 |
0.8 |
| All |
£476,588 |
£470,067 |
1.4 |
Funding and buyer status for London
| Transaction type |
Average price January 2020 |
Annual price change % since January 2019 |
Monthly price change % since December 2019 |
| Cash |
£497,529 |
1.0 |
-1.6 |
| Mortgage |
£470,075 |
1.5 |
-0.9 |
| First-time buyer |
£415,365 |
1.2 |
-1.4 |
| Former owner occupier |
£540,500 |
1.7 |
-0.6 |
Building status for London
| Building status* |
Average price November 2019 |
Annual price change % since November 2018 |
Monthly price change % since October 2019 |
| New build |
£464,031 |
-2.7 |
-6.3 |
| Existing resold property |
£471,185 |
-1.0 |
-0.3 |
*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 fallen by 2.9% since December 2019. An annual price rise of 2.0% takes the average property value to £161,719.
There were 58 repossession sales for Wales in November 2019.
Average price by property type for Wales
| Property type |
January 2020 |
January 2019 |
Difference % |
| Detached |
£241,806 |
£240,917 |
0.4 |
| Semi-detached |
£159,209 |
£152,999 |
4.1 |
| Terraced |
£124,273 |
£121,828 |
2.0 |
| Flat/maisonette |
£114,031 |
£113,240 |
0.7 |
| All |
£161,719 |
£158,548 |
2.0 |
Funding and buyer status for Wales
| Transaction type |
Average price January 2020 |
Annual price change % since January 2019 |
Monthly price change % since December 2019 |
| Cash |
£156,396 |
1.3 |
-3.5 |
| Mortgage |
£164,837 |
2.4 |
-2.6 |
| First-time buyer |
£139,590 |
2.2 |
-3.2 |
| Former owner occupier |
£187,540 |
1.8 |
-2.6 |
Building status for Wales
| Building status* |
Average price November 2019 |
Annual price change % since November 2018 |
Monthly price change % since October 2019 |
| New build |
£217,500 |
4.8 |
-2.3 |
| Existing resold property |
£166,399 |
5.7 |
2.2 |
*Figures for the two most recent months are not being published because there are not enough new build transactions to give a meaningful result.
UK house prices increased by 1.3% in the year to January 2020, down from 1.7% in December 2019. On a non-seasonally adjusted basis, average house prices in the UK decreased by 1.1% between December 2019 and January 2020, compared with a fall of 0.6% during the same period a year earlier (December 2018 and January 2019).
The UK Property Transaction Statistics for January 2020 showed that on a seasonally adjusted basis, the estimated number of transactions on residential properties with a value of £40,000 or greater was 102,810. This is 5.2% higher than a year ago. Between December 2019 and January 2020, transactions increased by 4.1%
House price growth was strongest in Northern Ireland where prices increased by 2.5% over the year to Quarter 4 (October to December) 2019. The lowest annual growth was in the East of England, where prices decreased by 0.6% over the year to January 2020, followed by the South East where prices fell by 0.5% over the year.
You May Also Enjoy
Our predictions for the property market in the second half of 2026
Allison Thompson, Chief Lettings Officer, Leaders part of LRG. There is a lot going on right now that’s impacting the property market, both in terms of direct legislation and the wider economy: Global conflicts affecting consumer confidence and interest rates Ongoing cost of living issues challenging affordability for homeowners and renters The recent introduction of…
Read More 
Breaking Property News 14/7/26
Daily bite-sized proptech and property news in partnership with Proptech-X. REVIEW: The Future of Real Estate Education: From Pedagogy to Technology Author Mr. Hugh Kelly, Ph.D., CRE Emeritus Edited by Karen M. McGrath, Elaine M. Worzala, and Pernille H. Christensen. (Routledge, New York and London, 2026). 330 pp. ISBN 9781032625041. Paperback $70.99; hardcover $170.00; ebook…
Read More 
Why 2026 is redefining responsibility in the private rented sector
The landlord rulebook has changed Insurance experts warn that understanding where landlord obligations end and tenant responsibilities begin has never been more important, following the biggest legislative shake-up of the rental market in a generation. The implementation of the Renters’ Rights Act on 1st May 2026 has transformed the relationship between landlords and tenants, introducing…
Read More 
Mortgage demand slowed in Q2
Mortgage demand softened as anticipated in the second quarter due to affordability pressures exacerbated by rising borrowing costs, Stonebridge reveals today. However, mortgage rates remain tricky to accurately predict while borrowers face being wrong-footed by renewed clashes in the Gulf, which sent oil prices and inflation expectations higher last week. Stonebridge mortgage and protection network’s…
Read More 
Prime London buyer demand strengthens in Q2
aThe latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that buyer demand across London’s prime property market strengthened during the second quarter of 2026, with overall demand reaching 14.5%. The capital’s family-focused prime neighbourhoods continued to lead the way, with Clapham, Wandsworth, and Chiswick among the strongest performing…
Read More 
Mortgage rates fall at fastest pace in almost two years
Moneyfacts UK Mortgage Trends Treasury Report data reveals fixed mortgage rates have recorded their biggest monthly reductions since October 2024. Product choice rose and the churn of mortgage deals was stable. Fixed mortgage rates dropped for a consecutive month, citing the biggest monthly reductions since October 2024, with the average two- and five-year fixed rates…
Read More