Annual change in house prices in the United Kingdom UK 2007-2019

As of July 2019, residential property prices in the United Kingdom (UK) saw their lowest annual increase since 2012. The average price of a house in the UK increased by 1.1 percent in the 12 months prior to July 2019, reaching an estimated value of roughly 216 thousand British pounds in the second quarter of 2019.

Increasing housing prices: a European phenomenon

The trend of increasing housing prices is not exclusive to the UK. When comparing several European countries’ residential property RHPI (price index in real terms, e.g. corrected for inflation), houses became more expensive from 2013 onwards in the UK, Ireland, Germany, Denmark and the Netherlands.

Residential in UK not expected to become cheaper

Prices are not expected to stop rising. Rather, it is forecasted that residential prices will grow further in the coming years as the British government will start to refocus on domestic issues after Brexit.

12 month percentage change in house prices in the United Kingdom (UK) from July 2007 to July 2019

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Source

Release date

November 2019

Region

United Kingdom

Survey time period

July 2007 to July 2019

Supplementary notes

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

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Statistics on "Real estate in the United Kingdom"

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