Publish your articles and forecasts in our website. The ONS is working to ensure that the UK has the vital information needed to respond to the impact of the coronavirus (COVID-19) pandemic on our economy and society, this includes how we measure the UK House Price Index. The stock of social housing has fallen since the early 1980s. Data are collected by HM Land Registry and published on GOV.UK. You can change your cookie settings at any time. Any takers? Is the Fomo rally the read deal, or will shares dive again? Duncan adds that ‘the elephant in the room here is interest rates’. I bought an apartment in 2010 and it’s apparantly work 10% more than I paid for it, at the very least. The latest house price data published on GOV.UK by HM Land Registry for March 2020 show that average house prices in the UK increased by 2.1% in the year to March 2020, up from 2.0% in the year to February 2020 (Figure 1). Before 1850, the average house had a plot size of 913 square metres, but homes built over the next 50 years had average plot sizes of less than a third of that, at 268 square metres. The ONS has released a public statement on the coronavirus and the production of statistics. Land Registry interactive tool Search tool | Released 25 March 2020 Find access to background information on the UK HPI, help and support, and other index-linked data. What would you spend a lottery win on? The Halifax house price index rose 3.8 percent from a year earlier in July 2020, the largest annual increase since January, as the UK property market continued to emerge from coronavirus-induced lockdown. @Guy – As Gadgetmind says, some companies are talking about residential REITs. The lowest annual growth was in Yorkshire and The Humber, where prices decreased by 1.0% over the year to March 2020. For now though, the failure of house prices to drop as much as many predicted before the crash (including me) makes me wonder if I underestimated a structural shift to higher UK house prices in real terms. Santander's 123 chop and how do we pay for the crash? The Nationwide produces a house price index too, and it helpfully offers inflation-adjusted prices from the get-go. Tricks ruthless scammers use to steal your pension revealed. Is there a chart for number of transactions, ideally going back up to 30 years? I then paid off the remaining mortgage in double-quick time. How do you make comedy pay the bills? – A visual guide Has Rishi's latest rescue done enough to help the small businesses, pubs, restaurants and self-employed bearing the brunt of lockdown? see also UK construction. London was the English region with the highest annual house price growth, with prices increasing by 4.7% to £486,000 in the year to March 2020, up from 3.0% in February 2020 (Figure 4). The historical data you present illustrates this beautifully! Housing Starts: New Privately Owned Units - … Over the past three years, there has been a general slowdown in UK house price growth, driven mainly by a slowdown in the south and east of England. . As the old socialists used to chant: What about the workers? I feel like I should be making a ‘smarter’ decision than only based on the above inputs but I’m struggling to find valuable insights in this regard. London is also a different beast to the rest of the UK. Weekend reading: Daddy, what did you do in the great pandemic? Could we pull the same levers today to get back to the long-term average of 4.5 times wages seen before the 2000s boom? You can also find out annual house price changes for the whole UK and each region. All content is available under the Open Government Licence v3.0, except where otherwise stated, /economy/inflationandpriceindices/bulletins/housepriceindex/march2020, Figure 1: House price growth in the UK has generally slowed since mid-2016, but has picked up in recent months, Figure 2: Average UK house prices peaked in the latter half of 2019, Figure 3: England house prices remain the highest in the UK, Figure 4: The strongest regional growth was in London, Figure 5: London continues to have the highest average house price in England, Figure 6: The proportion of transactions for properties over £900,000 rose between Quarter 1 2019 and Quarter 1 2020, Figure 7: There was a slight increase in the proportion of properties sold over £900,000 in outer London in Quarter 1 2020, latest house price data published on GOV.UK by HM Land Registry for March 2020, Royal Institution of Chartered Surveyors (RICS). There will be a minor local authority district boundary change to City of Glasgow, its geography code will change from S12000046 to S12000049.