UK House Price Index summary: June 2019
Published 14 August 2019
© Crown copyright 2019
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This publication is available at https://www.gov.uk/government/statistics/uk-house-price-index-summary-june-2019/uk-house-price-index-summary-june-2019
1. Headline statistics for June 2019
the average price of a property in the UK was
£230,292
the annual price change for a property in the UK was
0.9%
the monthly price change for a property in the UK was
0.7%
the monthly index figure (January 2015 = 100) for the UK was
120.8
Estimates for the most recent months are provisional and are likely to be updated as more data is incorporated into the index. Read Revisions to the UK HPI data.
Next publication of UK HPI
The July 2019 UK HPI will be published at 9.30am on Wednesday 18 September 2019. See the calendar of release dates.
2. Economic statement
UK house prices grew by 0.9% in the year to June 2019, unchanged from May 2019. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.7% between May 2019 and June 2019, compared with a rise of 0.7% during the same period a year earlier (May 2018 and June 2018).
House price growth was strongest in Wales where prices increased by 4.4% in the year to June 2019, down from 4.6% in the year to May 2019. The lowest annual growth was in London, where prices fell by 2.7% over the year to June 2019, up from a fall of 3.1% in May 2019.
The Royal Institution of Chartered Surveyors’ (RICS) June 2019 UK Residential Market Survey reported a stable trend beginning to emerge. Buyer demand rose modestly while new instructions to sell held steady over the month. In line with this, their newly agreed sales series edged into positive territory for the first time this year.
The August Inflation Report from the Bank of England reported that the housing market remains weak but there are some signs that it has stabilised. Results from their recent NMG survey of households’ expectations reported that households expected house prices to decline a little over the next 12 months. Around 20% of households who expect to move house in the next two years reported having delayed moving due to Brexit-related uncertainty.
The UK Property Transactions Statistics for June 2019 showed that on a seasonally adjusted basis, the number of transactions on residential properties with a value of £40,000 or greater was 84,490. This is 16.5% lower than a year ago. Between May 2019 and June 2019, transactions fell by 9.7%.
The Bank of England’s Money and Credit release reported that mortgage approvals for house purchase (an indicator of future lending) increased in June 2019 to 66,400, remained roughly in line with previous years.
3. Price changes
3.1 Annual price change
Annual price change for UK by country over the past 5 years
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Average house prices in the UK increased by 0.9% in the year to June 2019, unchanged from May 2019.
At the country level, the largest annual price growth was recorded in Wales, increasing by 4.4% over the year to June 2019.
Scotland saw house prices increase by 1.3% over the last 12 months.
The slowest annual growth was in England where prices increased by 0.7% in the year to June 2019.
Northern Ireland house prices increased by 3.5% over the year to Quarter 2 (April to June) 2019.
3.2 Average price by country and government office region
Price, monthly change and annual change by country and government office region
| Country and government office region | Price | Monthly change | Annual change |
|---|---|---|---|
| England | £246,728 | 0.7% | 0.7% |
| Northern Ireland (Quarter 2 - 2019) | £136,767 | 0.8% | 3.5% |
| Scotland | £151,891 | 0.7% | 1.3% |
| Wales | £163,768 | 1.2% | 4.4% |
| East Midlands | £195,344 | 1.6% | 3.2% |
| East of England | £291,370 | 0.5% | 0.7% |
| London | £466,824 | 0.7% | -2.7% |
| North East | £130,342 | 1.7% | 1.8% |
| North West | £164,116 | 0.2% | 2.4% |
| South East | £322,866 | 1.1% | -0.6% |
| South West | £252,122 | -0.4% | -0.2% |
| West Midlands | £198,993 | 0.9% | 2.6% |
| Yorkshire and The Humber | £161,997 | 0.6% | 0.9% |
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Price changes by country and government office region
On a non-seasonally adjusted basis, average house prices in the UK increased by 0.7% between May 2019 and June 2019, compared with a rise of 0.7% during the same period a year earlier (May 2018 and June 2018). On a seasonally adjusted basis, average house prices in the UK increased by 0.1% between May 2019 and June 2019.
Note that the Northern Ireland figure represents a three-month change and is not comparable with the other regions and countries.
3.3 Average price by property type
Average monthly price by property type
| Property type | June 2019 | June 2018 | Difference |
|---|---|---|---|
| Detached | £349,879 | £343,969 | 1.7% |
| Semi-detached | £219,752 | £215,660 | 1.9% |
| Terraced | £187,082 | £184,595 | 1.3% |
| Flat or maisonette | £200,699 | £204,732 | -2.0% |
| All | £230,292 | £228,190 | 0.9% |
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4. Sales volumes
The amount of time between the sale of a property and the registration of this information varies. It typically ranges between 2 weeks and 2 months but can be longer. Volume figures for the most recent 2 months are not yet at a reliable level for reporting, so they are not included in the report. Published transactions for recent months will increase as later registered transactions are incorporated into the index.
Sales volume data is also available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions involving the creation of a new register, such as new builds, are more complex and require more time to process. Read Revisions to the UK HPI data for more information.
4.1 Sales volumes
Number of sales volumes by country
| Country | April 2019 | April 2018 |
|---|---|---|
| England | 54,290 | 58,939 |
| Northern Ireland (Quarter 2 - 2019) | 5,210 | 6,189 |
| Scotland | 7,812 | 7,495 |
| Wales | 3,181 | 3,367 |
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Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.
The estimate for April 2019 is calculated based on around 85% of the final registered transactions. The number of property transactions for April 2019 will increase as more transactions are incorporated into the index.
Comparing the provisional volume estimate for April 2018 with the provisional estimate for April 2019, volume transactions increased by 7.9% in England, 6.0% in Scotland, 5.9% in Wales and decreased by 1.8% in Northern Ireland.
UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, volume transactions increased by 3.6% in England, 6.1% in Scotland and 2.8% in Wales in the year to April 2019.
4.2 Sales volumes for the UK over the past 5 years
Sales volumes for 2015 to 2019 by country: April
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The estimate for April 2019 is calculated based on around 85% of the final registered transactions. The number of property transactions for April 2019 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.
Comparing the provisional volume estimate for April 2018 with the provisional estimate for April 2019, volume transactions increased by 6.8%.
UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, UK volume transactions increased by 3.8% in the year to April 2019.
5. Property status for UK
Transactions involving the creation of a new register, such as new builds, are more complex and need more time to process. This means they can take longer to appear in the land registers. The volume of new build transactions for the most recent 2 months are not at a reliable level for reporting the breakdown between new build and existing resold property, so they are not included in the report.
New build and existing resold property
| Property status | Average price April 2019 | Monthly change | Annual change |
|---|---|---|---|
| New build | £290,176 | 1.0% | 1.3% |
| Existing resold property | £224,729 | 0.8% | 1.4% |
Download this table’s data (CSV, 1KB)
Note: Since October 2017 release, amendments have been made to our estimation model when calculating our provisional estimate. Find out further information and the impact of this change in methods used to produce the UK HPI.
6. Buyer status for Great Britain
First time buyer and former owner occupier
For Great Britain only, Northern Ireland data is not available for buyer status.
| Type of buyer | Average price June 2019 | Monthly change | Annual change |
|---|---|---|---|
| First time buyer | £193,701 | 0.6% | 0.5% |
| Former owner occupier | £268,119 | 0.8% | 1.4% |
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7. Funding status for Great Britain
Cash and mortgage
For Great Britain only, Northern Ireland data is not available for funding status.
| Funding status | Average price June 2019 | Monthly change | Annual change |
|---|---|---|---|
| Cash | £219,961 | 0.8% | 1.1% |
| Mortgage | £240,156 | 0.7% | 0.9% |
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8. Housing transaction distributions
Between January 2019 and March 2019, there were 201,453 property sales.
The most popular price range for:
- England was £150,000 to £174,999 – 14,720 properties were purchased
- Northern Ireland was £100,000 to £124,999 – 760 properties were purchased
- Scotland was £75,000 to £99,999 – 2,597 properties were purchased
- Wales was £125,000 to £149,999 – 1,382 properties were purchased
The charts below show the distribution of housing transactions for Q1 (January to March) 2019 for countries of the UK. Data is presented in bands of £25,000 up to £1 million, followed by larger bands up to and over £10 million.
In line with the UK HPI revisions policy, the number of transactions will increase as more data are incorporated into the index, which would also impact the distributions presented in this analysis.
England housing transactions
| Price band | Housing transactions |
|---|---|
| Less than £25,000 | 80 |
| £25,000 to £49,999 | 1,312 |
| £50,000 to £74,999 | 5,210 |
| £75,000 to £99,999 | 8,975 |
| £100,000 to £124,999 | 11,160 |
| £125,000 to £149,999 | 13,784 |
| £150,000 to £174,999 | 14,720 |
| £175,000 to £199,999 | 13,412 |
| £200,000 to £224,999 | 11,455 |
| £225,000 to £249,999 | 11,392 |
| £250,000 to £274,999 | 10,041 |
| £275,000 to £299,999 | 9,038 |
| £300,000 to £324,999 | 7,553 |
| £325,000 to £349,999 | 6,656 |
| £350,000 to £374,999 | 5,779 |
| £375,000 to £399,999 | 4,989 |
| £400,000 to £424,999 | 4,127 |
| £425,000 to £449,999 | 3,460 |
| £450,000 to £474,999 | 2,890 |
| £475,000 to £499,999 | 2,634 |
| £500,000 to £524,999 | 2,052 |
| £525,000 to £549,999 | 1,789 |
| £550,000 to £574,999 | 1,590 |
| £575,000 to £599,999 | 1,435 |
| £600,000 to £624,999 | 1,275 |
| £625,000 to £649,999 | 971 |
| £650,000 to £674,999 | 897 |
| £675,000 to £699,999 | 780 |
| £700,000 to £724,999 | 661 |
| £725,000 to £749,999 | 569 |
| £750,000 to £774,999 | 582 |
| £775,000 to £799,999 | 436 |
| £800,000 to £824,999 | 412 |
| £825,000 to £849,999 | 351 |
| £850,000 to £874,999 | 400 |
| £875,000 to £899,999 | 313 |
| £900,000 to £924,999 | 304 |
| £925,000 to £949,999 | 229 |
| £950,000 to £974,999 | 234 |
| £975,000 to £999,999 | 187 |
| £1,000,000 to £1,249,999 | 1,167 |
| £1,250,000 to £1,499,999 | 617 |
| £1,500,000 to £1,749,999 | 324 |
| £1,750,000 to £1,999,999 | 177 |
| £2,000,000 to £4,999,999 | 499 |
| £5,000,000 to £9,999,999 | 59 |
| Greater than £10,000,000 | 13 |
Northern Ireland housing transactions
| Price band | Housing transactions |
|---|---|
| Less than £25,000 | 13 |
| £25,000 to £49,999 | 140 |
| £50,000 to £74,999 | 614 |
| £75,000 to £99,999 | 739 |
| £100,000 to £124,999 | 760 |
| £125,000 to £149,999 | 741 |
| £150,000 to £174,999 | 537 |
| £175,000 to £199,999 | 348 |
| £200,000 to £224,999 | 174 |
| £225,000 to £249,999 | 160 |
| £250,000 to £274,999 | 101 |
| £275,000 to £299,999 | 86 |
| £300,000 to £324,999 | 42 |
| £325,000 to £349,999 | 42 |
| £350,000 to £374,999 | 20 |
| £375,000 to £399,999 | 18 |
| £400,000 to £424,999 | 11 |
| £425,000 to £449,999 | 7 |
| £450,000 to £474,999 | 10 |
| £475,000 to £499,999 | 5 |
| Greater than £500,000 | 33 |
Scotland housing transactions
| Price band | Housing transactions |
|---|---|
| Less than £25,000 | 148 |
| £25,000 to £49,999 | 854 |
| £50,000 to £74,999 | 2,066 |
| £75,000 to £99,999 | 2,597 |
| £100,000 to £124,999 | 2,209 |
| £125,000 to £149,999 | 2,320 |
| £150,000 to £174,999 | 2,016 |
| £175,000 to £199,999 | 1,751 |
| £200,000 to £224,999 | 1,270 |
| £225,000 to £249,999 | 1,167 |
| £250,000 to £274,999 | 888 |
| £275,000 to £299,999 | 678 |
| £300,000 to £324,999 | 500 |
| £325,000 to £349,999 | 389 |
| £350,000 to £374,999 | 302 |
| £375,000 to £399,999 | 260 |
| £400,000 to £424,999 | 179 |
| £425,000 to £449,999 | 133 |
| £450,000 to £474,999 | 114 |
| £475,000 to £499,999 | 91 |
| £500,000 to £524,999 | 56 |
| £525,000 to £549,999 | 62 |
| £550,000 to £574,999 | 44 |
| £575,000 to £599,999 | 46 |
| £600,000 to £624,999 | 44 |
| £625,000 to £649,999 | 18 |
| £650,000 to £674,999 | 17 |
| £675,000 to £699,999 | 9 |
| £700,000 to £724,999 | 24 |
| £725,000 to £749,999 | 11 |
| £750,000 to £774,999 | 15 |
| £775,000 to £799,999 | 4 |
| £800,000 to £824,999 | 11 |
| £825,000 to £849,999 | 5 |
| £850,000 to £874,999 | 5 |
| £875,000 to £899,999 | 3 |
| £900,000 to £924,999 | 4 |
| £925,000 to £949,999 | 7 |
| £950,000 to £974,999 | 7 |
| £975,000 to £999,999 | 3 |
| £1,000,000 to £1,249,999 | 26 |
| £1,250,000 to £1,499,999 | 6 |
| £1,500,000 to £1,749,999 | 3 |
| £1,750,000 to £1,999,999 | 4 |
| £2,000,000 to £4,999,999 | 4 |
Wales housing transactions
| Price band | Housing transactions |
|---|---|
| Less than £25,000 | 2 |
| £25,000 to £49,999 | 154 |
| £50,000 to £74,999 | 645 |
| £75,000 to £99,999 | 1,116 |
| £100,000 to £124,999 | 1,248 |
| £125,000 to £149,999 | 1,382 |
| £150,000 to £174,999 | 1,165 |
| £175,000 to £199,999 | 841 |
| £200,000 to £224,999 | 625 |
| £225,000 to £249,999 | 585 |
| £250,000 to £274,999 | 393 |
| £275,000 to £299,999 | 357 |
| £300,000 to £324,999 | 226 |
| £325,000 to £349,999 | 165 |
| £350,000 to £374,999 | 132 |
| £375,000 to £399,999 | 106 |
| £400,000 to £424,999 | 73 |
| £425,000 to £449,999 | 61 |
| £450,000 to £474,999 | 41 |
| £475,000 to £499,999 | 27 |
| £500,000 to £524,999 | 22 |
| £525,000 to £549,999 | 22 |
| £550,000 to £574,999 | 21 |
| £575,000 to £599,999 | 16 |
| £600,000 to £624,999 | 7 |
| £625,000 to £649,999 | 9 |
| £650,000 to £674,999 | 9 |
| £675,000 to £699,999 | 6 |
| £700,000 to £724,999 | 11 |
| £725,000 to £749,999 | 1 |
| £750,000 to £774,999 | 2 |
| £775,000 to £799,999 | 4 |
| £800,000 to £824,999 | 5 |
| £875,000 to £899,999 | 2 |
| £900,000 to £924,999 | 1 |
| £925,000 to £949,999 | 1 |
| £950,000 to £974,999 | 3 |
| £975,000 to £999,999 | 2 |
| £1,000,000 to £1,249,999 | 2 |
| £1,250,000 to £1,499,999 | 1 |
| £1,500,000 to £1,749,999 | 1 |
9. Access the data
Download the data as CSV files or access it with our UK HPI tool.
Data revisions
View any revisions to previously published data in the data downloads or find out more about revisions in our guidance About the UK HPI.
10. About the UK House Price Index
The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Find out about the methodology used to create the UK HPI.
Data for the UK House Price Index is provided by HM Land Registry, Registers of Scotland, The Land & Property Services/Northern Ireland Statistics & Research Agency and the Valuation Office Agency.
Find out more about the UK House Price Index.
11. Contact
Eileen Morrison, Data Services Team Leader, HM Land Registry
Email eileen.morrison@landregistry.gov.uk
Telephone 0300 006 5288
Aimee North, Head of Housing Market Indices, Office for National Statistics
Email aimee.north@ons.gov.uk
Telephone 01633 456400
Ciara Cunningham, Statistician for the Northern Ireland HPI
Email ciara.cunningham@finance-ni.gov.uk
Telephone 028 90 336035
Anne MacDonald, Land & Property Data Team, Registers of Scotland
Email Anne.MacDonald@ros.gov.uk
Telephone 0131 378 4991