The latest house price data published on GOV.UK by HM Land Registry for June revealed that UK average house prices increased by 13.2% over the year to June 2021, up from 9.8% in May 2021. This is the highest annual growth rate the UK has seen since November 2004.

UK average house prices reached a record high of £266,000 in June 2021, which is £31,000 higher than this time last year.

Average house prices increased over the year in England to £284,000 (13.3%), in Wales to £195,000 (16.7%), in Scotland to £174,000 (12.0%) and in Northern Ireland to £153,000 (9.0%).

London continues to be the region with the lowest annual growth (6.3%) for the seventh consecutive month.

UK house prices

Figure 1: June 2021 saw UK house price growth rise to 13.2%

Annual house price rates of change for all dwellings, UK: January 2006 to June 2021

The latter half of 2020 saw the UK’s average house price growth accelerating. This trend continued into 2021 and the UK average house price for June 2021 (£266,000) has now surpassed the previous record seen in March 2021 (£256,000).

Figure 2: Average UK house prices peaked at £266,000 in June 2021

Average house price, UK: January 2005 to June 2021

The average UK house price was £266,000 in June 2021; this is £31,000 higher than in June 2020.

On a non-seasonally adjusted basis, average house prices in the UK increased by 4.5% between May and June 2021, compared with an increase of 1.4% in the same period a year ago.

On a seasonally adjusted basis, average house prices in the UK increased by 4.2% between May and June 2021, following an increase of 0.5% in the previous month.

House prices by country

Figure 3: England house prices remain the highest in the UK

Average house price by country, UK: January 2005 to June 2021

The average house price in Wales increased by 16.7% over the year to June 2021, up from an increase of 14.7% in May 2021, with the average house price in Wales now at a record level of £195,000.

The average house price in England increased by 13.3% over the year to June 2021, up from an increase of 9.4% in the year to May 2021, with the average house price in England now at a record level of £284,000.

The average house price in Scotland increased by 12.0% over the year to June 2021, up from an increase of 11.1% in the year to May 2021, with the average house price in Scotland now at a record level of £174,000.

The average house price in Northern Ireland increased by 9.0% over the year to Quarter 2 (Apr to June) 2021. Northern Ireland remains the cheapest UK country to purchase a property in, with the average house price at £153,000.

House prices by region

Figure 4: London remains the region with the lowest annual house price growth

All dwellings annual house price rates of change, by English region, year to June 2021

The North West was the region with the highest annual house price growth, with average prices increasing by 18.6% in the year to June 2021. This was up from 14.2% in May 2021.

The lowest annual growth was in London, where average prices increased by 6.3% over the year to June 2021, up from 5.2% in May 2021.

London’s average house prices remain the most expensive of any region in the UK at an average of £510,000 in June 2021.

The North East continued to have the lowest average house price at £150,000.

Figure 5: London continues to have the highest average house price in England

Average house price, by English region: January 2005 to June 2021