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
The annual price change for a property in the UK was
The monthly price change for a property in the UK was
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 %|
|East of England||1.34%||2.88%||7.74%||12.48%||19.60%
|West Midlands Region||1.43%||3.10%||4.15%||8.81%||16.86%|
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Sources: Index data taken from Government Land Registry House Price Index – Feb 2022.