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.
January’s data has just been released, here are the highlights:
The average price of a property in the UK was
£273,762
The annual price change for a property in the UK was
9.6%
The monthly price change for a property in the UK was
0.4%
UK house prices increased by 9.6% in the year to January 2022, down from 10.0% in December 2021. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.4% between December 2021 and January 2022, down from an increase of 0.7% during the same period a year earlier (December 2020 and January 2021).
House price growth was strongest in Wales, where prices increased by 13.9% in the year to January 2022. The lowest annual growth was in London, where prices increased by 2.2% in the year to January 2022.
A break down of % price changes by UK region:
| Region / County | 1 Month % | 3 Month % | 6 Month % | 12 Month % | 24 Month % |
|---|---|---|---|---|---|
| England | 0.10% | 3.35% | 8.60% | 9.37% | 17.61% |
| Wales | 1.26% | 2.52% | 9.84% | 13.88% | 26.38% |
| South West | -1.11% | 3.02% | 11.92% | 10.89% | 19.41% |
| East Midlands | 1.81% | 4.32% | 10.87% | 11.56% | 20.71% |
| East of England | 1.40% | 4.34% | 10.36% | 11.54% | 18.26% |
| South East | 0.47% | 3.08% | 9.92% | 11.09% | 17.60% |
| London | -1.82% | -0.95% | 0.90% | 2.20% | 7.18% |
| West Midlands Region | 1.80% | 2.38% | 3.79% | 8.39% | 14.83% |
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 – Jan 2022.
