Average house price in the United Kingdom (UK) 2007-2020

House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. If demand outweighs supply, house prices are likely to increase. The United Kingdom (UK) has some of the highest average house prices in Europe.

Cost of housing

The beginning of 2009 saw the lowest prices for houses in the UK with an average of 157.2 thousand British pounds. Since January 2013, the average house price has been increasing on an almost quarterly basis. As the market stands as of February 2020, the average house price in the UK was 230.3 thousand British pounds. The highest house price change since 2007 was registered between 2013 and 2014, when house prices grew with almost nine percent.

Cost of renting

For those who do not own or are currently purchasing a home with a mortgage, an alternative to home buying is renting, something which is particularly prevalent for big cities, where demand for affordable residential real estate is high. In recent years, the UK’s residential property market has been marked by growing house price to rent ratio, making renting the more affordable of the two options. More in-depth information on the topic can be found in the Statista dossier about home purchases in the UK and Statista dossier on real estate in the UK.

Average house price in the United Kingdom (UK) from January 2007 to February 2020

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% discount until March 31st
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date

April 2020


United Kingdom

Survey time period

January 2007 to Fenruary 2020

Supplementary notes

The figures shown in the graph have not been seasonally adjusted.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Real estate in the United Kingdom"

Further Content: You might find this interesting as well

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.