The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland.
The data for England shows house prices have risen by 0.1% since October 2017. The annual price rise of 5.3% takes the average property value to £243,339.
The data for London shows:
- house prices have fallen by 0.9% since October 2017
- an annual price rise of 2.3% takes the average property value to £481,915
Average price by property type for London
| Property type | November 2017 | November 2016 | Difference % |
|---|---|---|---|
| Detached | £919,354 | £886,553 | 3.7 |
| Semi-detached | £583,283 | £562,093 | 3.8 |
| Terraced | £495,903 | £480,836 | 3.1 |
| Flat/maisonette | £424,766 | £418,660 | 1.5 |
| All | £481,915 | £470,854 | 2.3 |
Funding and buyer status for London
| Transaction type | Average price November 2017 | Annual price change % since November 2016 | Monthly price change % since October 2017 |
|---|---|---|---|
| Cash | £506,946 | 1.9 | -1.3 |
| Mortgage | £474,145 | 2.5 | -0.8 |
| First-time buyer | £421,781 | 2.3 | -0.7 |
| Former owner occupier | £543,383 | 2.4 | -1.2 |
Building status for London
| Building status* | Average price September 2017 | Annual price change % since September 2016 | Monthly price change % since August 2017 |
|---|---|---|---|
| New build | £521,920 | 10.2 | 0.9 |
| Existing resold property | £485,338 | 2.9 | -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.
Sales volumes for London
The most up-to-date HM Land Registry sales figures available for London show:
- the number of completed house sales in September 2017 fell by 21.5% to 6,494 compared with 8,275 in September 2016
| Month | Sales 2017 London | Sales 2016 London | Difference % |
|---|---|---|---|
| August | 7,802 | 8,535 | -8.6 |
| September | 6,494 | 8,275 | -21.5 |
