Terraced houses were the most affordable type of housing in England and Wales in 2023. Buying a terraced house cost approximately 281,000 British pounds - almost half of the average price of a detached house. House prices have risen steadily since 1986, with growth accelerating between 2019 and 2022. In just 10 years, home prices have more than doubled. Overall, newly built housing was more affordable than existing housing in the UK in 2023.
Simple average house price in England and Wales from 1986 to 2023, by property type
(in GBP)
Characteristic
Bungalow
Detached
Semi-detached
Terraced
Flat or maisonette in conventional house
Purpose-built flat or maisonette
All homes
2023
350,000
518,000
305,000
281,000
283,000
302,000
344,000
2022
360,000
522,000
307,000
290,000
298,000
306,000
355,000
2021
331,000
481,000
287,000
274,000
296,000
293,000
336,000
2020
304,000
444,000
270,000
257,000
278,000
297,000
315,000
2019
287,000
417,000
254,000
238,000
260,000
284,000
294,000
2018
285,000
413,000
253,000
239,000
266,000
286,000
294,000
2017
283,000
405,000
249,000
236,000
258,000
291,000
292,000
2016
275,000
405,000
249,000
242,000
280,000
277,000
293,000
2015
265,000
393,000
243,000
240,000
285,000
266,000
286,000
2014
253,000
378,000
239,000
227,000
289,000
245,000
274,000
2013
233,000
357,000
225,000
211,000
261,000
224,000
257,000
2012
227,000
359,000
217,000
203,000
229,000
224,000
252,000
2011
227,000
365,000
219,000
199,000
208,000
223,000
251,000
2010
239,000
372,000
225,000
204,000
207,000
214,000
257,000
2009
219,000
341,000
203,000
182,000
172,000
190,000
230,000
2008
235,000
360,000
210,000
185,000
187,000
193,000
234,000
2007
241,000
349,000
209,000
184,000
196,000
196,000
229,000
2006
225,000
322,000
193,000
168,000
178,000
183,000
211,000
2005
215,000
314,000
182,000
158,000
178,000
169,000
200,000
2004
202,000
294,000
168,000
148,000
183,000
158,000
189,000
2003
176,000
259,000
144,000
126,000
173,000
138,000
163,000
2002
146,000
208,000
117,000
103,000
154,000
118,000
134,000
2001
119,000
178,000
102,000
90,000
129,000
101,000
117,000
2000
108,000
159,000
90,000
80,000
116,000
90,000
105,000
1999
94,000
144,000
81,000
73,000
104,000
79,000
95,000
1998
87,000
130,000
72,000
64,000
86,000
66,000
84,000
1997
81,000
121,000
67,000
60,000
76,000
60,000
78,000
1996
74,000
113,000
62,000
53,000
67,000
54,000
71,000
1995
70,000
111,000
59,000
50,000
62,000
50,000
67,000
1994
73,000
109,000
59,000
49,000
58,000
47,000
67,000
1993
71,000
104,000
57,000
47,000
54,000
46,000
64,000
1992
71,000
106,000
58,000
48,000
53,000
46,000
63,000
1991
77,000
109,000
60,000
50,000
57,000
49,000
65,000
1990
78,000
112,000
58,000
48,000
57,000
50,000
62,000
1989
74,000
111,000
54,000
44,000
58,000
49,000
58,000
1988
60,000
83,000
46,000
40,000
56,000
48,000
51,000
1987
49,000
66,000
37,000
32,000
44,000
40,000
41,000
1986
44,000
59,000
34,000
28,000
38,000
34,000
37,000
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Office for National Statistics (UK). (March 20, 2024). Simple average house price in England and Wales from 1986 to 2023, by property type (in GBP)
[Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/290616/average-house-price-in-england-and-wales-by-property-type/
Office for National Statistics (UK). "Simple average house price in England and Wales from 1986 to 2023, by property type (in GBP)
." Chart. March 20, 2024. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/290616/average-house-price-in-england-and-wales-by-property-type/
Office for National Statistics (UK). (2024). Simple average house price in England and Wales from 1986 to 2023, by property type (in GBP)
. Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/290616/average-house-price-in-england-and-wales-by-property-type/
Office for National Statistics (UK). "Simple Average House Price in England and Wales from 1986 to 2023, by Property Type (in Gbp)
." Statista, Statista Inc., 20 Mar 2024, https://www.statista.com/statistics/290616/average-house-price-in-england-and-wales-by-property-type/
Office for National Statistics (UK), Simple average house price in England and Wales from 1986 to 2023, by property type (in GBP)
Statista, https://www.statista.com/statistics/290616/average-house-price-in-england-and-wales-by-property-type/ (last visited December 24, 2024)
Simple average house price in England and Wales from 1986 to 2023, by property type (in GBP)
[Graph], Office for National Statistics (UK), March 20, 2024. [Online]. Available: https://www.statista.com/statistics/290616/average-house-price-in-england-and-wales-by-property-type/
