UK House Price Index January 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.

HM Land Registery

News stories direct from HM Land Registry.

You May Also Enjoy

Estate Agent Talk

How to Buy a Property in Today’s Competitive Market

Introduction It is common knowledge that the current real estate market is thriving, particularly in Florida. It is always highly in demand, and prices are rising due to the influx of people by the hundreds of thousands and even the millions. You are now perplexed about how you will ever be able to buy a…
Read More
US Flag
Breaking News

Is the state of Georgia a good place to retire?

Introduction Florida and Georgia have been friendly rivals for a long time, probably most famously on the football field where the universities of the two states compete against one another yearly. But Florida and Georgia are also engaged in a fresh competition over which state offers a superior environment for retirees. You are lucky since…
Read More
Overseas Property

Moving to Vancouver: Is living in Vancouver pricey?

Introduction One of the cities in Canada and all of North America with the highest population density in Vancouver. It is the most culturally and linguistically diverse city in Canada and the third-largest metropolitan area in the country. Since 2014, the city has been the permanent location for TED conferences and has hosted several international…
Read More
how to present your property for sale
Overseas Property

The Top 5 Real Estate Agents in Mississauga

Looking for a real estate agent in Mississauga? Look no further! We have compiled a list of the top 5 agents in the city, based on their experience and success rate. Whether you are looking to buy or sell property, these agents will be able to help you achieve your goals. Contact one of them…
Read More
Finance

Real Estate Copywriting Guide: 5 Tips For More Sales

Content related to real estate takes an important place in the thematic sections of copywriting. People always buy, sell or rent housing, which means this topic never loses relevance. However, real estate content cannot be called simple, but if you want big sales, you need to improve in this area, and you can learn how…
Read More
Breaking News

BREAKING PROPERTY NEWS – 05/08/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   Half of tenants who fear never owning own home face uphill battle in pet-averse rented sector New research from animal welfare charity Battersea reveals that one in two tenants fear they will never buy a home, with the growing number of lifetime renters significantly…
Read More