The average house price in England and Wales has increased since 2015, with minor fluctuations over time. The house price index is calculated using data on housing transactions and measures the development of house prices, with 2015 chosen as a base year when the index value was set to 100. In June 2024, the house price index reached 151 index points, meaning that house prices have grown by 51 percent since 2015 and 2.4 percent over the last year. Among the different regions in the UK, West and East Midlands experienced the strongest growth.
Monthly house price index and year-on-year percentage change in England and Wales from January 2015 to June 2024
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GOV.UK. (August 14, 2024). Monthly house price index and year-on-year percentage change in England and Wales from January 2015 to June 2024 [Graph]. In Statista. Retrieved October 12, 2024, from https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/
GOV.UK. "Monthly house price index and year-on-year percentage change in England and Wales from January 2015 to June 2024." Chart. August 14, 2024. Statista. Accessed October 12, 2024. https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/
GOV.UK. (2024). Monthly house price index and year-on-year percentage change in England and Wales from January 2015 to June 2024. Statista. Statista Inc.. Accessed: October 12, 2024. https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/
GOV.UK. "Monthly House Price Index and Year-on-year Percentage Change in England and Wales from January 2015 to June 2024." Statista, Statista Inc., 14 Aug 2024, https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/
GOV.UK, Monthly house price index and year-on-year percentage change in England and Wales from January 2015 to June 2024 Statista, https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/ (last visited October 12, 2024)
Monthly house price index and year-on-year percentage change in England and Wales from January 2015 to June 2024 [Graph], GOV.UK, August 14, 2024. [Online]. Available: https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/