UK house prices rise year on year but then show monthly fall

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UK house prices rose by an average 1.7% in the year to January but there were wide variations in different regions across the country.

The House Price Index compiled by the Land Registry shows that although prices rose year on year, there was a fall of 0.8% from December 2018 to January 2019. The average property in the UK was valued at £228,147

In England, the January data shows that on average, house prices fell by 1.0% since December 2018. The annual price rise of 1.5% takes the average property value to £244,567.

Price change by region for England

Region Average price January 2019 Monthly change % since December 2018

East Midlands £192,757 0.2

East of England £288,494 -1.0

London £472,230 -0.3

North East £125,233 -3.3

North West £160,811 -1.3

South East £321,174 -0.5

South West £253,926 -1.4

West Midlands £195,399 -2.1

Yorkshire and the Humber £160,420 -1.0

Average price by property type for England

Property type January 2019 January 2018 Difference %

Detached £374,666 £364,094 2.9

Semi-detached £227,582 £223,753 1.7

Terraced £196,206 £193,477 1.4

Flat/maisonette £225,896 £227,369 -0.6

All £244,567 £241,068 1.5

Average price by property type for London

Property type January 2019 January 2018 Difference %

Detached £906,825 £895,418 1.3

Semi-detached £575,903 £576,806 -0.2

Terraced £488,242 £490,664 -0.5

Flat/maisonette £414,742 £425,777 -2.6

All £472,230 £479,780 -1.6

Average price by property type for Wales

Property type January 2019 January 2018 Difference %

Detached £244,321 £231,777 5.4

Semi-detached £153,933 £148,028 4.0

Terraced £122,763 £117,311 4.6

Flat/maisonette £116,136 £111,683 4.0

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All £160,232 £153,132 4.6