UK House Price Index: February

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 / County1 Month %3 Month %6 Month %12 Month %24 Month %
England0.89%2.76%6.64%10.74%19.92%
Wales-0.66%2.74%6.51%14.24%23.60%
South West1.18%2.27%8.57%12.49%22.05%
East Midlands-0.41%2.62%7.55%10.92%21.97%
East of England1.34%2.88%7.74%12.48%19.60%
South East-0.27%2.50%6.94%11.99%19.59%
London2.24%2.74%3.14%8.05%11.68%
West Midlands Region1.43%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.

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