It’s time for another House Price Index, our monthly report where we compile data from the HM Land Registry to give you a depiction of how house prices are changing over time.
February’s data has just been released, here are the highlights:
The average price of a property in the UK was
£276,755
The annual price change for a property in the UK was
10.9%
The monthly price change for a property in the UK was
0.5%
UK house prices increased by 10.9% in the year to February 2022, up from 10.2% in January 2022. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.5% between January and February 2022, up from a decrease of 0.04% during the same period a year earlier (January and February 2021).
House price growth was strongest in Wales where prices increased by 14.2% in the year to February 2022. The lowest annual growth was in London, where prices increased by 8% in the year to February 2022.
A break down of % price changes by UK region:
| Region / County | 1 Month % | 3 Month % | 6 Month % | 12 Month % | 24 Month % |
|---|---|---|---|---|---|
| England | 0.89% | 2.76% | 6.64% | 10.74% | 19.92% |
| Wales | -0.66% | 2.74% | 6.51% | 14.24% | 23.60% |
| South West | 1.18% | 2.27% | 8.57% | 12.49% | 22.05% |
| East Midlands | -0.41% | 2.62% | 7.55% | 10.92% | 21.97% |
| East of England | 1.34% | 2.88% | 7.74% | 12.48% | 19.60% |
| South East | -0.27% | 2.50% | 6.94% | 11.99% | 19.59% |
| London | 2.24% | 2.74% | 3.14% | 8.05% | 11.68% |
| West Midlands Region | 1.43% | 3.10% | 4.15% | 8.81% | 16.86% |
At Black & White Bridging we provide specialist property finance across a wide range of projects, from typical residential bridging to development. Contact us today to find out more on 0117 937 4333 or send us an enquiry to enquiries@blackandwhitebridging.co.uk, to find out how we can help.
Black & White Bridging, truly transparent lending with no grey areas.
Sources: Index data taken from Government Land Registry House Price Index – Feb 2022.
