020 7625 9007

Data shows house prices are growing at an annual rate of 4.2%

Andrew Binstock

The UK house Price Index (UK HPI) published by HM Land Registry shows house prices in Britain are rising at a moderate but healthy annual rate.

The data reveals that the price of property in the UK increased at an average rate of 4.2% in the year to March 2018. The rise in property prices means the average home in the UK is now valued at £224,144.

The data shows the regional differences of house prices. The East of England has witnessed the highest annual growth with property value rising by 5.8% during the last 12 months. This was closely followed by the East Midlands, which had a rise of 5.6% in the same period.

London experienced a small dip in house prices, which decreased by 0.7% over the course of the year. The North East showed modest growth of 2.1% in the year to March 2018.

John Eastgate, marketing director at OneSavings Bank told Mortgage Strategy that the house price data shows that nothing “disastrous” is forecast for Britain’s economy and that the more moderate growth should be welcomed.

“House prices are a reflection of general levels of consumer confidence and these numbers show that whilst we’re not as confident as we were a couple of years ago, equally no one is forecasting anything disastrous for the UK economy.

“Annual house price rises in excess of 5% are arguably not sustainable, so we should welcome this more moderate figure.”

Property prices rising at a more moderate rate than we have seen in recent years could be welcome news for both sellers looking to sell their property and buyers looking to purchase a new home.

If you are looking to sell or buy property in London, the South East or anywhere in the UK, buying or selling at auction comes with a number of benefits. Get in touch with Auction House London for more information about how you could benefit from our regular property auctions.

Latest articles

Buy-to-let hailed as a lucrative and secure investment option

New research has found that during the last decade, buy-to-let in Britain has remained a secure investment, much favourable to other...

London house prices up 3.4 per cent, figures show

A new report released by Rightmove shows that between January and February 2019, property prices in the capital increased by 34 per cent,...

A guide for landlords: How to find the perfect tenant

It’s within every landlord’s interest to find a dependable tenant that will look after a rented property in an honest, reliable and...

Current auction

Sign up for our newsletter

Back to Blog


Click here

Next Auction

12pm on the 9th May 2019

London Marriott Hotel Regents Park, 128 King Henry's Rd, London NW3 3ST



Click here

Contact us

Use the form below to get in touch