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 December 2023, the average house price in England was more expensive than in any other country. This huge disparity 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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Office for National Statistics (UK). (August 14, 2024). Average house price in the United Kingdom (UK) from 1995 to 2023, by country (in GBP) [Graph]. In Statista. Retrieved December 14, 2024, from https://www.statista.com/statistics/751694/average-house-price-in-the-uk-by-country/
Office for National Statistics (UK). "Average house price in the United Kingdom (UK) from 1995 to 2023, by country (in GBP)." Chart. August 14, 2024. Statista. Accessed December 14, 2024. https://www.statista.com/statistics/751694/average-house-price-in-the-uk-by-country/
Office for National Statistics (UK). (2024). Average house price in the United Kingdom (UK) from 1995 to 2023, by country (in GBP). Statista. Statista Inc.. Accessed: December 14, 2024. https://www.statista.com/statistics/751694/average-house-price-in-the-uk-by-country/
Office for National Statistics (UK). "Average House Price in The United Kingdom (Uk) from 1995 to 2023, by Country (in Gbp)." Statista, Statista Inc., 14 Aug 2024, https://www.statista.com/statistics/751694/average-house-price-in-the-uk-by-country/
Office for National Statistics (UK), Average house price in the United Kingdom (UK) from 1995 to 2023, by country (in GBP) Statista, https://www.statista.com/statistics/751694/average-house-price-in-the-uk-by-country/ (last visited December 14, 2024)
Average house price in the United Kingdom (UK) from 1995 to 2023, by country (in GBP) [Graph], Office for National Statistics (UK), August 14, 2024. [Online]. Available: https://www.statista.com/statistics/751694/average-house-price-in-the-uk-by-country/