Record-breaking house price growth

In this latest speed read we take a quick closer look at the numbers behind the record breaking house price growth

The UK experienced a 13.2% annual increase in house prices in June 2021. This is the largest annual increase recorded since 2004.
The average price of a UK house now stands at a record high of £265,668, which is £30,965 higher than the same time last year.
All regions in the UK experienced an annual increase in house prices. The North West experienced the biggest increase (18.6%), followed by Wales (16.7%) and Yorkshire and the Humber (15.8%).
There are early signs of house price growth slowing down, with Nationwide reporting a monthly decline in July house prices (-0.5%) and Rightmove reporting an overall decline in ask prices (-0.3%).
Source: Dataloft, UKHPI

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ORANGE HEAT MAP – House price Growth in Last 10 Years

Since 2014, UK house prices have climbed by 65.4%, but this national figure masks the varied growth across regions. In places like Attleborough, property values reflect distinct local factors, leading to differences in growth rates from city to city and town to town.

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