Strongest annual house price growth in December since 2002

We take a look at house price growth over the last 20 years

The UK recorded average house price growth of 10.8% in 2021. This is the strongest annual growth at the year end since 2002.
The average price of a UK home now stands at £274,712, marking another record high. House prices increased by £23,407 over the course of 2021.
Annual increases in house prices were seen in all regions of the UK. The South West experienced the biggest increase (13.6%), followed by Wales (13%).
Detached (15.3%) and semi-detached (11.1%) homes recorded above annual growth in a market continuing to be driven by equity and a desire for more space.
Source: Dataloft, ONS, UK HPI

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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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