Average house price in the United Kingdom (UK) 2007-2019, by country

Average house prices are affected by several factors. Economic growth, unemployment, interest rates and mortgage availability can all affect average prices. A shortage of supply means that the need for housing and, therefore competitive market created will push up house prices, whereas an excess of housing means prices fall to stimulate buyers.

Location, location location

In 2017, the average house price in England was almost one hundred thousand British pounds more than any other country in the United Kingdom. This huge increase in average house prices is in no small part down to the country's capital city, where the average asking price was more than double that of the UK’s average. Even in London, for those who can afford a mortgage, the savings made through buying over renting can be beneficial.

House prices still set to grow

By 2022, the number of housing transactions in the UK is set to reach 1.3 million. With the expected increase in transactions, the average house price is also set to grow across the UK.

Average house price in the United Kingdom (UK) from June 2007 to December 2019, by country

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Source

Release date

February 2020

Region

Europe, United Kingdom

Survey time period

June 2007 to December 2019

Supplementary notes

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

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Statistics on "Housing market in the United Kingdom"

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