House Price Index, UK: September 2017

14-11-2017 / Office for National Statistics

Average house prices in the UK have increased by 5.4% in the year to September 2017 (up from 4.8% in August 2017). The annual growth rate has slowed since mid-2016 but has remained broadly around 5% during 2017.

The average UK house price was £226,000 in September 2017. This is £11,000 higher than in September 2016 and £1,000 higher than last month.

The main contribution to the increase in UK house prices came from England, where house prices increased by 5.7% over the year to September 2017, with the average price in England now £244,000. Wales saw house prices increase by 5.3% over the last 12 months to stand at £153,000. In Scotland, the average price increased by 3.1% over the year to stand at £145,000. The average price in Northern Ireland currently stands at £132,000, an increase of 6.0% over the year to Quarter 3 (July to Sept) 2017.