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The April data shows:

• on average, house prices have聽risen 0.3%聽since聽March 2024

• there has been an annual price聽rise of 1.1%聽which makes the average property in the UK valued at聽拢281,000

England

In England the April data shows, on average, house prices have聽risen by聽0.3%聽since聽March 2024.聽The annual price聽rise of 0.6%聽takes the average property value to聽拢298,000.

The regional data for England indicates that:

• the South East experienced the most significant monthly increase with a movement of 1.4%
• Yorkshire and the Humber saw the greatest monthly price fall, with a fall of -1.4%
• the South West experienced the greatest annual price rise, up by 1.8%
• London saw the lowest annual price growth, with a fall of -3.9%

Price change by region for England

Region	Average price聽Apr 2024	Annual change % since聽Apr 2023	Monthly change % since聽Mar聽2024
East Midlands	拢242,000	1.1	0.7
East of England	拢335,000	0.4	-0.7
London	拢502,000	-3.9	-0.2
North East	拢158,000	1.0	0.6
North West	拢217,000	3.8	0.7
South East	拢375,000	-0.4	1.4
South West	拢318,000	1.8	1.1
West Midlands	拢246,000	2.0	0.4
Yorkshire and the Humber	拢203,000	0.2	-1.4

Repossession sales by volume for England

The lowest number of repossession sales in February 2024聽was in the聽East of England.

The highest number of repossession sales in聽February 2024聽was in the South East.

Repossession sales	贵别产听2024
East Midlands	4
East of England	0
London	7
North East	10
North West	8
South East	12
South West	2
West Midlands	5
Yorkshire and the Humber	11
England	59

Average price by property type for England

Property type	础辫谤听2024	础辫谤听听2023	Difference %
Detached	拢454,000	拢455,000	-0.3
Semi-detached	拢289,000	拢284,000	1.9
Terraced	拢246,000	拢243,000	1.2
Flat/maisonette	拢248,000	拢250,000	-1.2
All	拢298,000	拢296,000	0.6

Funding and buyer status for England

Transaction type	Average price 础辫谤听2024	Annual price change % since聽Apr聽2023	Monthly price change %聽since聽Mar聽2024
Cash	拢279,000	0.0	0.1
Mortgage	拢308,000	0.9	0.5
First-time buyer	拢250,000	0.9	0.6
Former owner occupier	拢339,000	0.3	0.1

Building status for England

Building status*	Average price Jan 2024	Annual price change % since Jan 2023	Monthly price change % since Dec 2023
New build	拢420,000	14.4	10.5
Existing resold property	拢293,000	-2.0	-0.2

*Figures for the 2 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 fell聽by 0.2% since聽March 2024. An annual price聽fall of 3.9%聽takes the average property value to聽拢502,000.聽

Average price by property type for London

Property type	Apr 2024	Apr 2023	Difference %
Detached	拢966,000	拢1,046,000	-7.6
Semi-detached	拢644,000	拢669,000	-3.7
Terraced	拢544,000	拢564,000	-3.7
Flat/maisonette	拢422,000	拢439,000	-3.9
All	拢502,000	拢522,000	-3.9

Funding and buyer status for London

Transaction type	Average price Apr 2024	Annual price change % since聽Apr 2023	Monthly price change %聽since聽Mar 2024
Cash	拢517,000	-4.9	0.7
Mortgage	拢496,000	-3.7	-0.4
First-time buyer	拢435,000	-3.7	0.0
Former owner occupier	拢573,000	-4.3	-0.3

Building status for London

Building status*	Average price Feb 2024	Annual price change % since Feb聽2023	Monthly price change % since Jan 2024
New build	拢567,000	8.3	9.5
Existing resold property	拢509,000	-4.5	-0.8

*Figures for the 2 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 fell聽by 2.1%聽since聽March 2024. An annual price聽increase of 0.4%聽takes the average property value to聽拢208,000.

聽There were 4 repossession sales for Wales in February 2024.

Average price by property type for Wales

Property type	Apr 2024	Apr 2023	Difference %
Detached	拢310,000	拢313,000	-1.0
Semi-detached	拢204,000	拢202,000	0.6
Terraced	拢164,000	拢162,000	1.1
Flat/maisonette	拢137,000	拢136,000	0.7
All	拢208,000	拢207,000	0.4

Funding and buyer status for Wales

Transaction type	Average price聽Apr 2024	Annual price change % since聽Apr 2023	Monthly price change %聽since聽Mar 2024
Cash	拢202,000	0.5	-2.2
Mortgage	拢212,000	0.3	-2.1
First-time buyer	拢180,000	0.7	-1.9
Former owner occupier	拢240,000	0.0	-2.4

Building status for Wales

Building status*	Average price Feb 2024	Annual price change % since聽Feb 2023	Monthly price change % since Jan聽2024
New build	拢317,000	13.7	12.5
Existing resold property	拢208,000	-1.1	1.3

*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

UK house prices

UK house prices rose by 1.1% in the year to April 2024, compared with an increase of 0.9% in the 12 months to March 2024. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.3% between March 2024 and April 2024, compared with a increase of 0.1% during the same period a year earlier (March and April 2023).

The UK Property Transactions Statistics showed that in April 2024, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of 拢40,000 or greater was 90,000. This is 9.8% higher than a year ago (April 2023). Between March 2024 and April 2024, UK transactions increased by 4.6% on a seasonally adjusted basis.

House price monthly increase was highest in the South East where prices increased by 1.4% in the year to April 2024. The highest annual growth was in the the North West, where prices increased by 3.8% in the year to April 2024.

See the聽economic statement.

The UK HPI is based on completed housing transactions. Typically, a house purchase can take 6 to 8 weeks to reach completion.聽As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month鈥檚 set of house price data.

Access the full UK HPI

Background

1. We publish the UK House Price Index (HPI) on the second or third Wednesday of each month with Northern Ireland figures updated quarterly. We will publish the May 2024 UK HPI at 9:30am on Wednesday 17 July 2024. See聽calendar of release dates.

2. We have made some changes to improve the accuracy of the UK HPI. We are not publishing average price and percentage change for new builds and existing resold property as done previously because there are not currently enough new build transactions to provide a reliable result. This means that in this month鈥檚 UK HPI reports, new builds and existing resold property are reported in line with the sales volumes currently available.

3. The UK HPI revision period has been extended to 13 months, following a review of the revision policy (see聽calculating the UK HPI聽section 4.4). This ensures the data used is more comprehensive.

4. Sales volume data is available by property status (new build and existing property) and funding status (cash and mortgage) in our聽downloadable data tables. Transactions that require us to create a new register, such as new builds, are more complex and require more time to process. Read聽revisions to the UK HPI data.

5. Revision tables are available for England and Wales within the downloadable data in CSV format. See聽about the UK HPI聽for more information.

6. HM Land Registry, Registers of Scotland, Land & Property 天美影院/Northern Ireland Statistics and Research Agency and the Valuation Office Agency supply data for the UK HPI.

7. The Office for National Statistics (ONS) and聽Land & Property 天美影院/Northern Ireland Statistics and Research Agency calculate the UK HPI. It applies a hedonic regression model that uses the various sources of data on property price,听including HM聽Land Registry鈥檚 Price Paid Dataset, and attributes to produce estimates of the change in house prices each month. Find out more about the methodology used聽from the聽听补苍诲听.

8. We take the聽UK Property Transaction statistics聽 from the HM Revenue and Customs (HMRC) monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries. The number of property transactions in the UK is highly seasonal, with more activity in the summer months and less in the winter. This regular annual pattern can sometimes mask the underlying movements and trends in the data series. HMRC presents the UK aggregate transaction figures on a seasonally adjusted basis. We聽make adjustments聽for both the time of year and the construction of the calendar, including corrections for the position of Easter and the number of trading days in a聽particular month.

9. UK HPI seasonally adjusted series are calculated at regional and national levels only. See聽data tables.

10. The first estimate for new build average price (April 2016 report) was based on a small sample which can cause volatility. A three-month moving average has been applied to the latest estimate to remove some of this volatility.

11. The UK HPI reflects the final transaction price for sales of residential property. Using the geometric mean, it covers purchases at market value for owner-occupation and buy-to-let, excluding those purchases not at market value (such as re-mortgages), where the 鈥榩rice鈥� represents a valuation.

12. HM Land Registry provides information on residential property transactions for England and Wales, collected as part of the official registration process for properties that are sold for full market value.

13. The HM Land Registry dataset contains the sale price of the property, the date when the sale was completed, full address details, the type of property (detached, semi-detached, terraced or flat), if it is a newly built property or an established residential building and a variable to indicate if the property has been purchased as a financed transaction (using a mortgage) or as a non-financed transaction (cash purchase).

14. Repossession sales data is based on the number of transactions lodged with HM Land Registry by lenders exercising their power of sale.

15. For England, we show repossession sales volume recorded by government office region. For Wales, we provide repossession sales volume for the number of repossession sales.

16. Repossession sales data is available from April 2016 in CSV format. Find out more information about聽repossession sales.

17. We publish CSV files of the raw and cleansed aggregated data every month for England,听Scotland聽and Wales. We publish Northern Ireland data on a quarterly basis. They are available for free use and re-use under the Open Government Licence.

18. HM Land Registry鈥檚 purpose is to guarantee and protect property rights in England and Wales.

19. HM Land Registry is a government department created in 1862. Its vision is 鈥淎 world-leading property market as part of a thriving economy and a sustainable future.鈥�

20. HM Land Registry safeguards land and property ownership valued at 拢8 trillion, enabling over 拢1 trillion worth of personal and commercial lending to聽be secured聽against property across England and Wales. The Land Register contains more than聽26聽million titles showing evidence of ownership for more than 88% of the land mass of England and Wales.

21. For further information about HM Land Registry visit聽.

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