The average house price in England and Wales has increased since 2015, with minor fluctuations over time. The house price 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 February 2023, the house price index reached 152 index points, meaning that house prices have grown by 52 percent since 2015. Among the different regions in the UK, West and East Midlands experienced the strongest growth.
Monthly house price index in England and Wales from January 2015 to February 2023
Characteristic
House price index (Jan 2015=100)
Feb '23
151.99
Jan '23
152.49
Dec '22
153.01
Nov '22
153.14
Oct '22
152.67
Sep '22
152.28
Aug '22
151.17
Jul '22
150.07
Jun '22
148.25
May '22
147.44
Apr '22
145.87
Mar '22
144.81
Feb '22
143.32
Jan '22
142.39
Dec '21
139.85
Nov '21
138.88
Oct '21
136.48
Sep '21
139.7
Aug '21
134.3
Jul '21
130.17
Jun '21
139.03
May '21
131.29
Apr '21
131.81
Mar '21
133.61
Feb '21
131.45
Jan '21
131.19
Dec' 20
129.47
Nov '20
128.17
Oct '20
126.67
Sep '20
125.15
Aug '20
123.93
Jul '20
122.89
Jun '20
122.71
May '20
121.49
Apr '20
121.05
Mar '20
123.38
Feb '20
121.46
Jan '20
121.83
Dec '19
121.13
Nov '19
121.16
Oct '19
121.18
Sep '19
121.11
Aug '19
120.76
Jul '19
120.48
Jun '19
120.28
May '19
120.21
Apr '19
120.16
Mar '19
120.29
Feb '19
120.3
Jan '19
120.29
Dec '18
120.46
Nov '18
120.59
Oct '18
120.59
Sep '18
120.34
Aug '18
120.14
Jul '18
119.91
Jun '18
119.46
May '18
119.14
Apr '18
119.05
Mar '18
118.58
Feb '18
118.93
Jan '18
118.4
Dec '17
118.2
Nov '17
117.87
Oct '17
117.75
Sep '17
117.24
Aug '17
117
Jul '17
116.56
Jun '17
115.98
May '17
115.48
Apr '17
114.96
Mar '17
114.65
Feb '17
114.3
Jan '17
113.72
Dec '16
113.33
Nov '16
112.78
Oct '16
112.18
Sep '16
111.86
Aug '16
111.61
Jul '16
111.6
Jun '16
111.27
May '16
110.65
Apr '16
109.72
Mar '16
110.01
Feb '16
108.85
Jan '16
108.28
Dec '15
107.37
Nov '15
106.71
Oct '15
105.62
Sep '15
104.74
Aug '15
103.97
Jul '15
103.24
Jun '15
102.33
May '15
101.81
Apr '15
101.14
Mar '15
100.81
Feb '15
100.55
Jan '15
100
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GOV.UK. (April 19, 2023). Monthly house price index in England and Wales from January 2015 to February 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/
GOV.UK. "Monthly house price index in England and Wales from January 2015 to February 2023." Chart. April 19, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/
GOV.UK. (2023). Monthly house price index in England and Wales from January 2015 to February 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/
GOV.UK. "Monthly House Price Index in England and Wales from January 2015 to February 2023." Statista, Statista Inc., 19 Apr 2023, https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/
GOV.UK, Monthly house price index in England and Wales from January 2015 to February 2023 Statista, https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/ (last visited July 22, 2024)
Monthly house price index in England and Wales from January 2015 to February 2023 [Graph], GOV.UK, April 19, 2023. [Online]. Available: https://www.statista.com/statistics/620426/monthly-house-price-index-in-england-and-wales-uk/