UK House prices: latest house price trends from the Land Registry

Published 16th of November, 2022


The average house price in the UK is £294,559, average prices have increased by 9.5% or (£25,556) over the last year, and decreased by 0.01% or (£39) last month. We note that these figures are provisional and subject to change, but it seemed that in September 2022 house prices started to decrease, as increases in the costs of living and mortgage rates start to bite.

If the reduction in house prices in September 2022 continues, August 2022 may turn out to have been the peak month for house prices in the UK  

UK average house prices have increased by 27.7% (£63,950) since the start of the COVID-19 pandemic.

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UK average house prices drop in September

UK house prices rose slightly across seven regions in September 2022 and fell in four. Overall average house prices fell by £39 across the UK in September, and we expect this rate of decrease to accelerate as the costs of living and mortgage rates rises are finally starting to slow the UK housing market down.

The Land Registry data is the most accurate house price data, in our view, although its publication lags the other major house price indices. The other indices have shown continued growth so far this year and we expect the same of the Land Registry Gold Standard index in the months to come. 

We continue to believe that in the medium-term demand will outstrip underpinning house prices.

In this article, we look at the house price performance of each region across England and Wales.

UK house price graph chart since May 2019 land registry data twindig anthony codling

Whilst we often talk about the UK Housing market as one market, it is in fact a collection of hundreds and thousands of small local markets. House prices can vary significantly between these different housing markets. We show in the table below the different house prices across the regions of England and Wales

The range of house prices is quite large from average house prices of £163,770 in the North East to average house prices of £633,800 in Inner London.

Average house price graph chart by UK region land registry data twindig anthony codling

There are also regional variations in house price inflation. Over the last 12 months, house price inflation across the UK was 9.5%, but varied from 5.0% in Inner London to a rise of 12.9% in Wales.

We show in the table below a summary of the regional house prices and annual house price inflation, house price inflation in the last month and house price inflation since the start of the COVID Pandemic in the UK.

Table to show annual house price inflation and house price inflation since Brexit and since COVID pandemic twindig anthony codling

The chart below shows annual house price inflation by region in England and Wales and house price inflation since the start of the COVID Pandemic. All regions of London are underperforming the house price trends elsewhere across the UK.

Graph chart showing annual house price inflation by UK region and house price inflation since COVID twindig anthony codling

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In the chart below we show the average house price inflation by region in England and Wales since the EU Brexit referendum in June 2016. House prices have risen the most in Wales up 52.8%, followed by Yorkshire and Humberside up 48.7% and the East Midlands up 47.8%. 

Graph chart to show house price inflation by UK region since the Brexit Referendum twindig anthony codling

House prices have risen the least in Outer London up just 11.8% and 16.2% in the South East since the EU Brexit Referendum, the areas where the Remain vote was stronger than in the rest of the country.

The changes in average house prices since the EU Brexit Referendum broadly reflect the regional voting patterns with higher house price inflation in those regions with a strong leave vote and lower house price inflation with a stronger Remain vote.

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House prices in England

The average house price in England hit a new record in September 2022 rising by £10 to £314,278. House prices in England have increased by 9.6% over the last year, risen by 0.0% over the last month, increased by 27.% since COVID and are up 37.6% since the EU Brexit Referendum.

England house price graph chart since May 2019 land registry data twindig anthony codling

To see the hottest 25 and coldest 25 housing markets in England click the buttons below:



House prices in Wales

The average house price in Wales is £223,800. House prices in Wales have increased by 12.9% over the last year, risen by 2.0% over the last month, increased by 34.9% since COVID and by 52.8% since the EU Brexit Referendum.

Wales house price graph chart since May 2019 land registry data twindig anthony codling


To see the house price winners and house price league tables for Wales by local authority, click the button below:



House prices in Outer London

The average house price in Outer London is £499,300. House prices in Outer London have increased by 9.4% over the last year, risen by 0.6% over the last month, risen by 17.9% since COVID and by 11.8% since the EU Brexit Referendum.

Outer London England house price graph chart since May 2019 land registry data twindig anthony codling

House prices in London

The average house price in London is £544,100. House prices in London have increased by 6.9% over the last year, fallen by 0.6% over the last month, increased by 14.7% since COVID and by 44.0% since the EU Brexit Referendum.

LOndon England house price graph chart since May 2019 land registry data twindig anthony codling

House prices in Inner London

The average house price in Inner London is £633,800. House prices in Inner London have risen by 6.9% over the last year, risen by 0.4% over the last month and increased by 8.8% since COVID and by 43.6% since the EU Brexit Referendum.

Inner LOndon England house price graph chart since May 2019 land registry data twindig anthony codling

House prices in the South West

The average house price in the South West is £336,600. House prices in the South West have increased by 11.9% over the last year, risen by 0.3% over the last month, and increased by 31.4% since COVID and by 32.2% since the EU Brexit Referendum.

South West England house price graph chart since May 2019 land registry data twindig anthony codling

To see the house price winners and house price league tables for the South West by local authority, click the button below:

House prices in the West Midlands

The average house price in the West Midlands is £253,900. House prices in the West Midlands have increased by 10.1% over the last year, fallen by 0.3% over the last month and increased by 27.6% since COVID and by 35.5% since the EU Brexit Referendum.

West Midlands England house price graph chart since May 2019 land registry data twindig anthony codling

To see the house price winners and house price league tables for the West Midlands by local authority, click the button below:





House prices in the South East

The average house price in the South East is £403,500. House prices in the South East have increased by 10.3% over the last year, fallen by 0.2% over the last month and increased by 26.8% since COVID and by 16.2% since the EU Brexit Referendum.

South East England house price graph chart since May 2019 land registry data twindig anthony codling


To see the house price winners and house price league tables for the South East by local authority, click read more below:


House prices in the East of England

The average house price in the East of England is £362,200. House prices in the East of England have increased by 10.4% over the last year, risen by 0.1% over the last month and increased by 25.3% since COVID and by 41.4% since the EU Brexit Referendum.

East of England house price graph chart since May 2019 land registry data twindig anthony codling

To see the house price winners and house price league tables for the East of England by local authority, click the button below:



House prices in Yorkshire and Humberside

The average house price in Yorkshire and Humberside is £212,600. House prices in Yorkshire and Humberside have increased by 8.5% over the last year, risen by 0.0% over the last month and increased by 29.4% since COVID and by 48.7% since the EU Brexit Referendum.

Yorkshire and HUmberside England house price graph chart since May 2019 land registry data twindig anthony codling

To see the house price winners and house price league tables for Yorkshire and Humberside by local authority, click the button below:


House prices in the East Midlands

The average house price in the East Midlands is £253,000. House prices in the East Midlands have increased by 11.3% over the last year, risen by 0.0% over the last month and increased by 30.8% since COVID and by 47.8% since the EU Brexit Referendum.

East Midlands England house price graph chart since May 2019 land registry data twindig anthony codling

To see the house price winners and house price league tables for the East Midlands by local authority, click the button below:


House prices in the North West

The average house price in the North West is £219,000. House prices in the North West have increased by 9.1% over the last year, risen by 0.6% over the last month and increased by 32.9% since COVID and by 29.1% since the EU Brexit Referendum.

North West England house price graph chart since May 2019 land registry data twindig anthony codling

To see the house price winners and house price league tables for the North West by local authority, click the button below:

House prices in the North East

The average house price in the North East is £163,800. House prices in the North East have increased by 5.8% over the last year, risen by 0.3% over the last month and increased by 29.0% since COVID and by 46.4% since the EU Brexit Referendum.

North East England house price graph chart since May 2019 land registry data twindig anthony codling

To see the house price winners and house price league tables for the North East by local authority, click the button below:


Average UK House Prices and Stamp Duty Holiday

The average house price in the UK has increased by £59,855 since there start of the Stamp Duty Holiday to £294,600 which would equate to a Stamp Duty saving of £5,714.

The average UK house price has therefore increased by £55,127 more than the potential Stamp Duty since the start of the Stamp Duty Holiday.

We show the change in house prices and stamp duty savings in the table below and also a chart to show how much more average house prices have increased than the potential stamp duty saving

Table showing house price inflation and UK house prices since the stamp duty holiday and stamp duty savings twindig anthony codling

House price increases less stamp duty saving

Graph chart showing house price increases less the stamp duty savings since the start of the COVID stamp duty holiday twindig anthony codling
Anthony Codling
CEO, Twindig

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