The house price index (HPI) is an easy way of illustrating trends in the house sales market. By using hedonic regression, the index models property price data for all dwellings and shows how much the price has changed since January 2015. The regions that observed the highest house price growth since 2015 were East Midlands, Est Midlands, and Wales, where the HPI measured over 158 index points. The same regions experienced some of the biggest price growth in the last year.
Regional average house prices index in the United Kingdom (UK) in February 2022 and February 2023
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Office for National Statistics (UK). (April 19, 2023). Regional average house prices index in the United Kingdom (UK) in February 2022 and February 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/
Office for National Statistics (UK). "Regional average house prices index in the United Kingdom (UK) in February 2022 and February 2023." Chart. April 19, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/
Office for National Statistics (UK). (2023). Regional average house prices index in the United Kingdom (UK) in February 2022 and February 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/
Office for National Statistics (UK). "Regional Average House Prices Index in The United Kingdom (Uk) in February 2022 and February 2023." Statista, Statista Inc., 19 Apr 2023, https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/
Office for National Statistics (UK), Regional average house prices index in the United Kingdom (UK) in February 2022 and February 2023 Statista, https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/ (last visited July 22, 2024)
Regional average house prices index in the United Kingdom (UK) in February 2022 and February 2023 [Graph], Office for National Statistics (UK), April 19, 2023. [Online]. Available: https://www.statista.com/statistics/499367/uk-average-regional-house-prices-index/