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
English Housing Survey 2024 to 2025
English Housing Survey 2024 to 2025: headline findings on housing quality and energy efficiency The latest findings from the English Housing Survey on housing quality and energy efficiency. This is the second release of data from the 2024-25 survey. This report will be followed by a series of more detailed topic reports in the spring…
Read More 
Propertymark responds to latest HMRC property transactions report
Nathan Emerson, CEO at Propertymark, comments: “Based on December 2025’s figures, it is encouraging to see that property transactions remained stable following the Autumn Budget. At a time when many households were concerned about rising living costs, this stability suggests that the Budget provided enough clarity for people to continue progressing with plans to buy…
Read More 
Mortgage activity dips in December
Property industry reaction to the latest mortgage approval data from the Bank of England. The latest figures show that: – Mortgage approvals on house purchases for December sat at 61,013 down (-4.8%) from 64,072 in November. Approvals are down (-8.4%) when compared to the 66,634 seen in December 2024. This decline was expected due to…
Read More 
£19.9bn of PRS refurbishment required
£19.9bn of refurbishment investment required to bring England’s private rented homes up to EPC C by 2030 Jonathan Samuels, CEO of Octane Capital, believes that despite the Government extending the deadline for all private rental stock to meet an EPC C rating from 2028 to 2030, refurbishment finance will remain key in helping landlords meet…
Read More 
10 budget patio ideas for beginners in landscaping
Creating an inviting outdoor space doesn’t have to break the bank. With a bit of creativity and some elbow grease, you can transform your backyard into a relaxing retreat. Whether you’re looking to build a brand-new area or revamp an existing one, these budget-friendly patio ideas will inspire you to create a stylish and functional…
Read More 
Top 5 Irrigation System Providers in the UK
A thriving allotment or kitchen garden is the pride of all plant lovers and allotment growers. However, maintaining an allotment or garden is not for the faint of heart. You need to put in a lot of effort, from mulching and composting to regular watering and weeding. Apart from watering, everything else needs to be…
Read More