The average house price in the increased by 2.7 percent year-on-year in June 2024, according to the monthly house price index. The index is calculated using data on housing transactions and measures the development of house prices, with 2015 chosen as a base year when the index value was set to 100. In June 2024, the index reached 151 index points, meaning that house prices have grown by over 51 percent since 2015. The house price index is an important measure for the residential real estate market. It is used to show changes in the value of residential properties in England, Scotland, Wales and Northern Ireland. This upwards trend in house price index, and therefore the value of residential properties, has also been observed by other measurers of house price index in the United Kingdom.
House price index in the United Kingdom (UK) from January 2015 to June 2024
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GOV.UK. (August 14, 2024). House price index in the United Kingdom (UK) from January 2015 to June 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/284692/monthly-house-price-index-in-the-united-kingdom-uk-by-region/
GOV.UK. "House price index in the United Kingdom (UK) from January 2015 to June 2024." Chart. August 14, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/284692/monthly-house-price-index-in-the-united-kingdom-uk-by-region/
GOV.UK. (2024). House price index in the United Kingdom (UK) from January 2015 to June 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/284692/monthly-house-price-index-in-the-united-kingdom-uk-by-region/
GOV.UK. "House Price Index in The United Kingdom (Uk) from January 2015 to June 2024." Statista, Statista Inc., 14 Aug 2024, https://www.statista.com/statistics/284692/monthly-house-price-index-in-the-united-kingdom-uk-by-region/
GOV.UK, House price index in the United Kingdom (UK) from January 2015 to June 2024 Statista, https://www.statista.com/statistics/284692/monthly-house-price-index-in-the-united-kingdom-uk-by-region/ (last visited December 22, 2024)
House price index in the United Kingdom (UK) from January 2015 to June 2024 [Graph], GOV.UK, August 14, 2024. [Online]. Available: https://www.statista.com/statistics/284692/monthly-house-price-index-in-the-united-kingdom-uk-by-region/