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This publication is available at https://www.gov.uk/government/publications/uk-house-price-index-summary-november-2019/uk-house-price-index-summary-november-2019
1. Headline statistics for November 2019
the average price of a property in the UK was
the annual price change for a property in the UK was
the monthly price change for a property in the UK was
the monthly index figure (January 2015 = 100) for the UK was
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 December 2019 UK HPI will be published at 9.30am on Wednesday 19 February 2020. See the calendar of release dates.
2. Economic statement
UK house prices increased by 2.2% in the year to November 2019, up from 1.3% in October 2019. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.4% between October 2019 and November 2019, compared with a fall of 0.4% during the same period a year earlier (October 2018 and November 2018).
House price growth was strongest in Wales where prices increased by 7.8% over the year. The lowest annual growth was in East of England, where prices fell by 0.7% over the year to November 2019, followed by London where prices increased by 0.2% over the year.
Wales has experienced record annual growth in November 2019. This is driven by a shift towards higher value property being transacted between October and November in areas with a typically larger volume of transactions, such as Cardiff and Newport, coupled with a fall in prices during the same period in 2018.
The Royal Institution of Chartered Surveyors’ (RICS) November 2019 UK Residential Market Survey reported that key metrics measuring buyer demand point to sales remaining in negative territory, the uncertainty surrounding the 2019 General Election and Brexit being the likely cause of suppressed activity. However, there is an expectation that a more stable trend is likely to emerge over the coming three months.
The Bank of England’s Agents’ summary of business conditions – 2019 Q4 reported that the housing market remained subdued, mainly due to the October Brexit deadline and the General Election. Contacts reported that house prices were modestly down on a year ago in the south and modestly up elsewhere.
The UK Property Transactions Statistics for November 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 102,050. This is 1.9% higher than a year ago. Between October 2019 and November 2019, transactions increased by 3.2%.
The Bank of England’s Money and Credit release reported that mortgage approvals for house purchase (an indicator of future lending) fell slightly in October to 65,000 and remained within the narrow range seen over the past 2 years.
3. Price changes
3.1 Annual price change
Annual price change for UK by country over the past 5 years
Download this chart’s data (CSV, 1KB)
Average house prices in the UK increased by 2.2% in the year to November 2019, up from 1.3% in October 2019.
At the country level, the largest annual price growth was recorded in Wales, increasing by 7.8% in the year to November 2019.
Northern Ireland house prices increased by 4.0% over the year to Quarter 3 (July to September) 2019.
Scotland saw house prices increase by 3.5% over the last 12 months.
The slowest annual growth was in England where prices increased by 1.7% in the year to November 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|
|Northern Ireland (Quarter 3 - 2019)||£139,951||2.3%||4.0%|
|East of England||£291,281||-0.7%||-0.7%|
|Yorkshire and The Humber||£165,642||-1.0%||2.6%|
Price changes by country and government office region
On a non-seasonally adjusted basis, average house prices in the UK increased by 0.4% between October 2019 and November 2019, compared with a fall of 0.4% during the same period a year earlier (October 2018 and November 2018). On a seasonally adjusted basis, average house prices in the UK increased by 0.6% between October 2019 and November 2019.
Note: The Northern Ireland figure represents a 3-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||November 2019||November 2018||Difference|
|Flat or maisonette||£206,357||£204,365||1.0%|
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||September 2019||September 2018|
|Northern Ireland (Quarter 3 - 2019)||6,002||6,563|
Note: The estimate for September 2019 is calculated based on around 85% of the final registered transactions. The number of property transactions for September 2019 will increase as more transactions are incorporated into the index.
Comparing the provisional volume estimate for September 2018 with the provisional estimate for September 2019, volume transactions increased by 3.3% in England, 1.8% in Scotland, 1.3% in Wales and 4.9% 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 2.3% in England, 2.4% in Scotland and 2.2% in Wales in the year to September 2019.
4.2 Sales volumes for the UK over the past 5 years
Sales volumes for 2015 to 2019 by country: September
Note: The estimate for September 2019 is calculated based on around 85% of the final registered transactions. The number of property transactions for September 2019 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.
Comparing the provisional volume estimate for September 2018 with the provisional estimate for September 2019, UK volume transactions increased by 3.1%.
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 2.4% in the year to September 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 September 2019||Monthly change||Annual change|
|Existing resold property||£230,787||0.0%||1.1%|
Note: Since the 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 the methods used to produce the UK HPI.
6. Buyer status for Great Britain
First time buyer and former owner occupier
|Type of buyer||Average price November 2019||Monthly change||Annual change|
|First time buyer||£197,760||0.5%||2.1%|
|Former owner occupier||£273,241||0.4%||2.3%|
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 November 2019||Monthly change||Annual change|
8. Access the data
9. 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.
David Lockett, Product Manager, HM Land Registry
Telephone 0300 0068317
Ceri Lewis, Head of Housing Market Indices, Office for National Statistics
Telephone 01633 456400
Ciara Cunningham, Statistician for the Northern Ireland HPI
Telephone 028 90 336035
Rachael Fairley, Land & Property Data Team, Registers of Scotland
Telephone 07919 570915