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
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 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 %|
|East of England||1.40%||4.34%||10.36%||11.54%||18.26%
|West Midlands Region||1.80%||2.38%||3.79%||8.39%||14.83%|
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Sources: Index data taken from Government Land Registry House Price Index – Jan 2022.