The UK House Price Index (HPI) for December 2019 shows that there has been an annual price rise of 2.2%, which makes the average property in the UK valued at £234,742.
According to the most recent HM Land Registry data, house prices in England and Wales have risen by 0.3% since November 2019.
England
In England the December data shows, on average, house prices have risen by 0.6% since November 2019. The annual price rise of 2.2% takes the average property value to £251,711.
The regional data for England indicates that:
- the East of England experienced the greatest monthly price rise, up by 2.1%
- the North West saw the most significant monthly price fall, down by 0.6%
- Yorkshire and the Humber experienced the greatest annual price rise, up by 3.9%
- the South East saw the lowest annual price growth, up by 1.2%
Price change by region for England
| Region | Average price December 2019 | Monthly change % since November 2019 |
| East Midlands | £197,048 | 0.5 |
| East of England | £297,714 | 2.1 |
| London | £483,922 | 1.6 |
| North East | £130,977 | 0.5 |
| North West | £166,003 | -0.6 |
| South East | £325,050 | -0.3 |
| South West | £262,286 | 1.3 |
| West Midlands | £201,343 | -0.4 |
| Yorkshire and the Humber | £168,382 | 1.7 |
Average price by property type for England
| Property type | December 2019 | December 2018 | Difference % |
| Detached | £385,148 | £373,190 | 3.2 |
| Semi-detached | £236,187 | £230,739 | 2.4 |
| Terraced | £202,915 | £198,769 | 2.1 |
| Flat/maisonette | £228,375 | £226,923 | 0.6 |
| All | £251,711 | £246,380 | 2.2 |
Funding and buyer status for England
| Transaction type | Average price December 2019 | Annual price change % since December 2018 | Monthly price change % since November 2019 |
| Cash | £236,853 | 2.0 | 0.8 |
| Mortgage | £259,189 | 2.2 | 0.6 |
| First-time buyer | £210,959 | 1.9 | 0.9 |
| Former owner occupier | £285,944 | 2.4 | 0.4 |
Building status for England
| Building status* | Average price October 2019 | Annual price change % since October 2018 | Monthly price change % since September 2019 |
| New build | £310,143 | 0.6 | -0.4 |
| Existing resold property | £245,817 | 0.9 | -0.1 |
*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
London
London shows, on average, house prices have risen by 1.6% since November 2019. An annual price rise of 2.3% takes the average property value to £483,922.
Average price by property type for London
| Property type | December 2019 | December 2018 | Difference % |
| Detached | £928,547 | £899,415 | 3.2 |
| Semi-detached | £590,170 | £579,876 | 1.8 |
| Terraced | £503,795 | £490,483 | 2.7 |
| Flat/maisonette | £423,844 | £415,052 | 2.1 |
| All | £483,922 | £473,252 | 2.3 |
Funding and buyer status for London
| Transaction type | Average price December 2019 | Annual price change % since December 2018 | Monthly price change % since November 2019 |
| Cash | £508,340 | 2.3 | 2.4 |
| Mortgage | £476,543 | 2.3 | 1.4 |
| First-time buyer | £423,201 | 2.1 | 2.1 |
| Former owner occupier | £546,304 | 2.4 | 0.9 |
Building status for London
| Building status* | Average price October 2019 | Annual price change % since October 2018 | Monthly price change % since September 2019 |
| New build | £490,706 | -1.3 | -2.0 |
| Existing resold property | £473,336 | -1.1 | -0.7 |
*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
Wales
Wales shows, on average, house prices have fallen by 2% since November 2019. An annual price rise of 2.2% takes the average property value to £165,735.
Average price by property type for Wales
| Property type | December 2019 | December 2018 | Difference % |
| Detached | £251,879 | £245,946 | 2.4 |
| Semi-detached | £160,368 | £156,322 | 2.6 |
| Terraced | £128,335 | £125,002 | 2.7 |
| Flat/maisonette | £113,391 | £116,278 | -2.5 |
| All | £165,735 | £162,234 | 2.2 |
Funding and buyer status for Wales
| Transaction type | Average price December 2019 | Annual price change % since December 2018 | Monthly price change % since November 2019 |
| Cash | £161,168 | 1.8 | -1.6 |
| Mortgage | £168,438 | 2.4 | -2.1 |
| First-time buyer | £143,271 | 2.3 | -1.8 |
| Former owner occupier | £191,878 | 2.0 | -2.1 |
Building status for Wales
| Building status* | Average price October 2019 | Annual price change % since October 2018 | Monthly price change % since September 2019 |
| New build | £220,628 | 2.0 | 0.8 |
| Existing resold property | £163,147 | 3.5 | 0.9 |
*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
UK house prices
UK house prices increased by 2.2% in the year to December 2019, up from 1.7% in November 2019. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.3% between November 2019 and December 2019, compared with a fall of 0.2% during the same period a year earlier (November 2018 and December 2018).
The UK Property Transaction Statistics for December 2019 showed that, on a seasonally adjusted basis, the estimated number of transactions on residential properties with a value of £40,000 or greater was 104,670. This is 6.8% higher than a year ago. Between November 2019 and December 2019, transactions increased by 6.2%.
House price growth was strongest in Northern Ireland where prices increased by 2.5% over the year. The lowest annual growth was in the South East, where prices increased by 1.2% over the year to December 2019, followed by the West Midlands where prices increased by 1.4% over the year.
Image: London, UK / Peggy und Marco Lachmann-Anke
