This statistic illustrates the development of the house price index in different regions in the United Kingdom (UK) as of March 2019, 2020, and 2021. The house price index (HPI) is an easy way of illustrating trends on the house sales market and to help simplify house purchase decisions. By using hedonic regression, the index models property price data for all dwellings and shows how much the price has changed since January 2015.
The regions that observed the highest house price growth since 2015 were East Midlands, West Midlands and Yorkshire & Humber, where the HPI measured 143.13, 141.62, and 138.49 index points respectively. The same regions experienced some of the biggest price growth in the last year. In UK's most expensive regions, London and South East, on the other hand, house price growth slowed down.
Regional average house prices index in the United Kingdom (UK) as of March 2019, 2020, and 2021
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Land Registry, & GOV.UK. (May 19, 2021). Regional average house prices index in the United Kingdom (UK) as of March 2019, 2020, and 2021 [Graph]. In Statista. Retrieved August 19, 2022, from https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/
Land Registry, und GOV.UK. "Regional average house prices index in the United Kingdom (UK) as of March 2019, 2020, and 2021." Chart. May 19, 2021. Statista. Accessed August 19, 2022. https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/
Land Registry, GOV.UK. (2021). Regional average house prices index in the United Kingdom (UK) as of March 2019, 2020, and 2021. Statista. Statista Inc.. Accessed: August 19, 2022. https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/
Land Registry, and GOV.UK. "Regional Average House Prices Index in The United Kingdom (Uk) as of March 2019, 2020, and 2021." Statista, Statista Inc., 19 May 2021, https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/
Land Registry & GOV.UK, Regional average house prices index in the United Kingdom (UK) as of March 2019, 2020, and 2021 Statista, https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/ (last visited August 19, 2022)
