UK House Price Index for April 2022

The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.

The April data shows:

• on average, house prices have risen 1.1% since March 2022
• there has been an annual price rise of 12.4% which makes the average property in the UK valued at £281,161

England

In England, the April data shows on average, house prices have risen by 0.8% since March 2022. The annual price rise of 11.9% takes the average property value to £299,249.

The regional data for England indicates that:

• the South West experienced the greatest increase in its average property value over the last 12 months with a movement of 14.1%
• the East Midlands saw the most significant monthly price fall with a movement of -0.5%
• the North West experienced the greatest monthly growth with an increase of 2%
• London saw the lowest annual price growth with an increase of 7.9%

Price change by region for England

Region	Average price April 2022	Annual change % since April 2021	Monthly change % since March 2022
East Midlands	£237,904	12.4	-0.5
East of England	£344,943	11.9	0.4
London	£529,829	7.9	1
North East	£155,215	10.7	0.1
North West	£208,867	13.3	2
South East	£382,791	11.9	-0.3
South West	£318,610	14.1	1.9
West Midlands	£242,145	11.8	0.5
Yorkshire and the Humber	£201,806	12.1	1.6

Repossession sales by volume for England

The lowest number of repossession sales in February 2022 was in the East of England.

The highest number of repossession sales in February 2022 was in the North West.

Repossession sales	February 2022
East Midlands	2
East of England	0
London	5
North East	9
North West	14
South East	7
South West	1
West Midlands	5
Yorkshire and the Humber	8
England	51

Average price by property type for England

Property type	April 2022	April 2021	Difference %
Detached	£471,335	£412,898	14.2
Semi-detached	£286,099	£252,705	13.2
Terraced	£243,702	£218,787	11.4
Flat/maisonette	£247,652	£231,535	7
All	£299,249	£267,500	11.9

Funding and buyer status for England

Transaction type	Average price April 2022	Annual price change % since April 2021	Monthly price change since March 2022
Cash	£279,934	11.6	0.9
Mortgage	£308,839	12	0.7
First-time buyer	£248,670	11.2	0.9
Former owner occupier	£342,893	12.5	0.7

Building status for England

*Building status	Average price April 2022	Annual price change % since April 2021	Monthly price change % since February 2022
New build	£411,551	24.7	7.3
Existing resold property	£287,900	9.4	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% since March 2022. An annual price rise of 7.9% takes the average property value to £529,829.

Average price by property type for London

Property type	April 2022	April 2021	Difference %
Detached	£1,088,765	£968,326	12.4
Semi-detached	£682,453	£617,624	10.5
Terraced	£574,983	£528,479	8.8
Flat/maisonette	£443,216	£417,905	6.1
All	£529,829	£491,221	7.9

Funding and buyer status for London

Transaction type	Average price April 2022	Annual price change % since April 2021	Monthly price change since March 2022
Cash	£552,525	8.9	2
Mortgage	£522,806	7.6	0.8
First-time buyer	£457.433	7.1	0.9
Former owner occupier	£608,664	8.9	1.2

Building status for London

*Building status	Average price April 2022	Annual price change % since April 2021	Monthly price change % since February 2022
New build	£589,878	17.1	8.1
Existing resold property	£522,538	6.6	1.4

*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 risen by 2.2% since March 2022. An annual price rise of 16.2% takes the average property value to £211,990.

There were 4 repossession sales for Wales in February 2022.

Average price by property type for Wales

Property type	April 2022	April 2021	Difference %
Detached	£326,907	£276,995	18
Semi-detached	£205,379	£176,134	16.6
Terraced	£164,838	£142,411	15.7
Flat/maisonette	£133,082	£121,359	9.7
All	£211,990	£182,377	16.2

Funding and buyer status for Wales

Transaction type	Average price April 2022	Annual price change % since April 2021	Monthly price change % since March 2022
Cash	£205,194	16.2	2.4
Mortgage	£215,967	16.3	2.2
First-time buyer	£182,306	15.8	2.3
Former owner occupier	£246,945	16.8	2.1

Building status for Wales

*Building status	Average price April 2022	Annual price change % since April 2021	Monthly price change % since February 2022
New build	£310,372	30.9	5.7
Existing resold property	£200,287	13.7	-0.4

*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

Access the full UK HPI

UK house prices

UK house prices increased by 12.4% in the year to April 2022, up from 9.7% in March 2022. On a non-seasonally adjusted basis, average house prices in the UK increased by 1.1% between March and April 2022, up from a decrease of 1.3% during the same period a year earlier (March and April 2021).

The UK Property Transactions Statistics showed that in April 2022, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 106,780. This is 12.1% lower than a year ago (April 2021). Between March and April 2022, UK transactions decreased by 3.9% on a seasonally adjusted basis.

House price growth was strongest in the South West where prices increased by 14.1% in the year to April 2022. The lowest annual growth was in London, where prices increased by 7.9% in the year to April 2022.

See the economic statement.

Source: HM Land Registry