PG电子

1. Headline statistics for March 2023

Estimates for the most recent months are provisional and are likely to be updated as more data is incorporated into the index. Read Revisions to the UK HPI data.

2. Economic statement

The annual percentage change for average UK house prices was 4.1% in the 12 months to March 2023, compared with 5.8% in the 12 months to February 2023.

The average UK house price was 拢285,000 in March 2023, which is 拢11,000 higher than 12 months ago, but 拢8,000 below the recent peak in November 2022. Average house prices increased over the 12 months to 拢304,000 (4.1%) in England, to 拢214,000 in Wales (4.8%), to 拢185,000 in Scotland (3.0%) and to 拢172,000 in Northern Ireland (5.0%).

On a non-seasonally adjusted basis, average UK house prices decreased by 1.2% between February 2023 and March 2023, while average UK house prices increased by 0.5% during the same period 12 months ago.

Annual house price inflation was highest in the South West where prices increased by 5.4% in the 12 months to March 2023. London was the English region with the lowest annual growth, where prices increased by 1.5% in the 12 months to March 2023.

The Royal Institution of Chartered Surveyors鈥� (RICS鈥�) reported a fall in demand. When disaggregated, the downturn in buyer demand remains widespread across the UK, with virtually all regions/countries posting a negative reading in the latest returns

The reported a modest pick-up in secondary market activity and requests for valuations, but said that demand was broadly equal to the supply of properties available.

The UK Property Transactions Statistics showed that in March 2023, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of 拢40,000 or greater was 89,560. This is 18.9% lower than 12 months ago (March 2022). Between February 2023 and March 2023, UK transactions increased by 1.3% on a seasonally adjusted basis.

The release reported that mortgage approvals for house purchases, an indicator of future borrowing, significantly increased to 52,000 in March 2023, from 44,100 in February 2023, yet remains below the monthly average for 2022 of 62,700.

3. Price changes

3.1 Annual price change

Annual price change for UK by country over the past 5 years

Average house prices in the UK increased by 4.1% in the 12 months to March 2023, down from 5.8% in February 2023.

At the country level, the highest annual house price percentage change in the 12 months to March 2023 was recorded in Wales, where house prices increased by 4.8%.

England saw house prices increase by 4.1% in the 12 months to March 2023.

Scotland saw houses prices increase by 3.0% in the 12 months to March 2023.

Northern Ireland saw house prices increase by 5.0% over the 12 months to Quarter 1 (January to March) 2023.

3.2 Average price by country and government office region

Price, monthly change and annual change by country and government office region

Country and government office region	Price	Monthly change	Annual change
England	拢304,193	-1.5%	4.1%
Northern Ireland (Quarter 1 - 2023)	拢172,005	-1.8%	5.0%
Scotland	拢184,877	0.7%	3.0%
Wales	拢214,174	-0.6%	4.8%
East Midlands	拢246,092	-1.2%	4.9%
East of England	拢351,898	-2.0%	3.9%
London	拢523,325	-1.7%	1.5%
North East	拢156,912	-1.6%	4.0%
North West	拢211,759	-1.3%	5.2%
South East	拢394,543	-0.4%	4.6%
South West	拢326,035	-0.6%	5.4%
West Midlands Region	拢245,132	-4.0%	3.4%
Yorkshire and The Humber	拢203,635	-2.1%	4.1%

Price changes by country and government office region

On a non-seasonally adjusted basis, average house prices in the UK decreased by 1.2% between February 2023 and March 2023. This was down from an increase of 0.5% during the same period 12 months ago (February 2022 and March 2022). On a seasonally adjusted basis, average house prices in the UK decreased by 0.9% between February 2023 and March 2023.

3.3 Average price by property type

Average monthly price by property type

Property type	March 2023	March 2022	Difference
Detached	拢453,949	拢431,184	5.3%
Semi-detached	拢277,291	拢264,692	4.8%
Terraced	拢229,752	拢223,048	3.0%
Flat or maisonette	拢227,925	拢221,211	3.0%
All	拢285,009	拢273,787	4.1%

4. Sales volumes

The amount of time between the sale of a property and the registration of this information varies. It typically ranges between 2 weeks and 2 months but can be longer. Volume figures for the most recent 2 months are not yet at a reliable level for reporting, so they are not included in the report. Published transactions for recent months will increase as later registered transactions are incorporated into the index.

Sales volume data is also available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions involving the creation of a new register, such as new builds, are more complex and require more time to process. Read Revisions to the UK HPI data for more information.

4.1 Sales volumes

Number of sales volumes by country

Comparing the provisional volume estimate for the current month with the revised volume estimate for the corresponding month in the previous year

Country	January 2023	January 2022
England	36,038	51,592
Northern Ireland	1,427	1,953
Scotland	5,791	7,326
Wales	2,001	2,969

Comparing the provisional volume estimate for January 20222 with the provisional estimate for January 2023, volume transactions increased by 17.8% in England, decreased by 19.4% in Scotland and increased by 9.9% in Wales. Northern Ireland鈥檚 volume transactions decreased by 21.3% in the year to Quarter 1 2023.

UK Property Transaction Statistics聽published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, in the 12 months to January 2023 volume transactions decreased by 7.8% in England, decreased by 17.0% in Wales, decreased by 19.2% in Scotland, and decreased by 22.7% in Northern Ireland.

4.2 Sales volumes for the UK over the past 5 years

Sales volumes for 2019 to 2023 by country: January

Comparing the provisional volume estimate for January 20222 with the provisional estimate for January 2023, UK volume transactions increased by 9.3%.

UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, UK volume transactions decreased by 9.6% in the 12 months to January 2023.

5. Property status for UK

Transactions involving the creation of a new register, such as new builds, are more complex and need more time to process. This means they can take longer to appear in the land registers. The volume of new build transactions for the most recent 2 months are not at a reliable level for reporting the breakdown between new build and existing resold property, so they are not included in the report.

New build and existing resold property

Property status	Average price January 2023	Monthly change	Annual change
New build	拢389,659	-0.9%	11.1%
Existing resold property	拢282,246	-0.9%	5.6%

6. Buyer status for Great Britain

First time buyer and former owner occupier

For Great Britain only, Northern Ireland data is not available for buyer status.

Type of buyer	Average price March 2023	Monthly change	Annual change
First time buyer	拢236,682	-1.3%	3.8%
Former owner occupier	拢334,480	-1.1%	4.3%

7. Funding status for Great Britain

Cash and mortgage

For Great Britain only, Northern Ireland data is not available for funding status.

Funding status	Average price March 2023	Monthly change	Annual change
Cash	拢269,272	-1.1%	3.8%
Mortgage	拢297,619	-1.2%	4.2%

8. Housing transaction distributions

Between October and December 2022, there were 169,263 property sales.

The most popular price range for:

• England was 拢175,000 to 拢199,999 鈥� 10,780 properties were purchased
• Scotland was 拢125,000 to 拢149,999 鈥� 2,548 properties were purchased
• Wales was 拢150,000 to 拢174,999 鈥� 1187 properties were purchased
• Northern Ireland was 拢150,000 to 拢174,999 鈥� 909 properties were purchased

The charts below show the distribution of housing transactions for Q4 (October to December) 2022 for countries of the UK. Data for Great Britain is presented in bands of 拢25,000 up to 拢10 million, followed by a larger band for over 拢10 million. Data for Northern Ireland is presented in bands of 拢25,000 up to 拢500,000, followed by a larger band for over 拢500,000.

In line with the UK HPI revisions policy, the number of transactions will increase as more data are incorporated into the index, which would also impact the distributions presented in this analysis.

England housing transactions

Change to table and accessible view

Price band	Housing transactions
less than 拢25,000	23
拢25,000 - 拢49,999	414
拢50,000 - 拢74,999	2159
拢75,000 - 拢99,999	5224
拢100,000 - 拢124,999	7034
拢125,000 - 拢149,999	8978
拢150,000 - 拢174,999	10364
拢175,000 - 拢199,999	10780
拢200,000 - 拢224,999	10310
拢225,000 - 拢249,999	10581
拢250,000 - 拢274,999	10413
拢275,000 - 拢299,999	9411
拢300,000 - 拢324,999	8374
拢325,000 - 拢349,999	7971
拢350,000 - 拢374,999	7283
拢375,000 - 拢399,999	6540
拢400,000 - 拢424,999	5781
拢425,000 - 拢449,999	5201
拢450,000 - 拢474,999	4662
拢475,000 - 拢499,999	4038
拢500,000 - 拢524,999	3251
拢525,000 - 拢549,999	2766
拢550,000 - 拢574,999	2745
拢575,000 - 拢599,999	2332
拢600,000 - 拢624,999	2189
拢625,000 - 拢649,999	1834
拢650,000 - 拢674,999	1754
拢675,000 - 拢699,999	1452
拢700,000 - 拢724,999	1292
拢725,000 - 拢749,999	1068
拢750,000 - 拢774,999	1178
拢775,000 - 拢799,999	875
拢800,000 - 拢824,999	865
拢825,000 - 拢849,999	769
拢850,000 - 拢874,999	820
拢875,000 - 拢899,999	642
拢900,000 - 拢924,999	594
拢925,000 - 拢949,999	436
拢950,000 - 拢974,999	506
拢975,000 - 拢999,999	387
拢1,000,000 - 拢1,249,999	2338
拢1,250,000 - 拢1,499,999	1433
拢1,500,000 - 拢1,749,999	762
拢1,750,000 - 拢1,999,999	438
拢2,000,000 - 拢4,999,999	885
拢5,000,000 - 拢9,999,999	87
greater than 拢10,000,000	24

Scotland housing transactions

Change to table and accessible view

Price band	Housing transactions
less than 拢25,000	75
拢25,000 - 拢49,999	611
拢50,000 - 拢74,999	1508
拢75,000 - 拢99,999	2391
拢100,000 - 拢124,999	2314
拢125,000 - 拢149,999	2548
拢150,000 - 拢174,999	2267
拢175,000 - 拢199,999	1951
拢200,000 - 拢224,999	1808
拢225,000 - 拢249,999	1732
拢250,000 - 拢274,999	1509
拢275,000 - 拢299,999	1190
拢300,000 - 拢324,999	1097
拢325,000 - 拢349,999	934
拢350,000 - 拢374,999	728
拢375,000 - 拢399,999	617
拢400,000 - 拢424,999	452
拢425,000 - 拢449,999	329
拢450,000 - 拢474,999	301
拢475,000 - 拢499,999	237
拢500,000 - 拢524,999	218
拢525,000 - 拢549,999	146
拢550,000 - 拢574,999	136
拢575,000 - 拢599,999	105
拢600,000 - 拢624,999	107
拢625,000 - 拢649,999	91
拢650,000 - 拢674,999	77
拢675,000 - 拢699,999	67
拢700,000 - 拢724,999	54
拢725,000 - 拢749,999	38
拢750,000 - 拢774,999	34
拢775,000 - 拢799,999	26
拢800,000 - 拢824,999	24
拢825,000 - 拢849,999	16
拢850,000 - 拢874,999	24
拢875,000 - 拢899,999	16
拢900,000 - 拢924,999	13
拢925,000 - 拢949,999	10
拢950,000 - 拢974,999	11
拢975,000 - 拢999,999	8
拢1,000,000 - 拢1,249,999	59
拢1,250,000 - 拢1,499,999	32
拢1,500,000 - 拢1,749,999	24
拢1,750,000 - 拢1,999,999	9
拢2,000,000 - 拢4,999,999	13
拢5,000,000 - 拢9,999,999	0
greater than 拢10,000,000	0

Wales housing transactions

Change to table and accessible view

Price band	Housing transactions
less than 拢25,000	1
拢25,000 - 拢49,999	27
拢50,000 - 拢74,999	152
拢75,000 - 拢99,999	495
拢100,000 - 拢124,999	824
拢125,000 - 拢149,999	1144
拢150,000 - 拢174,999	1187
拢175,000 - 拢199,999	966
拢200,000 - 拢224,999	720
拢225,000 - 拢249,999	722
拢250,000 - 拢274,999	611
拢275,000 - 拢299,999	503
拢300,000 - 拢324,999	407
拢325,000 - 拢349,999	308
拢350,000 - 拢374,999	299
拢375,000 - 拢399,999	239
拢400,000 - 拢424,999	190
拢425,000 - 拢449,999	165
拢450,000 - 拢474,999	117
拢475,000 - 拢499,999	102
拢500,000 - 拢524,999	74
拢525,000 - 拢549,999	61
拢550,000 - 拢574,999	69
拢575,000 - 拢599,999	49
拢600,000 - 拢624,999	35
拢625,000 - 拢649,999	27
拢650,000 - 拢674,999	29
拢675,000 - 拢699,999	23
拢700,000 - 拢724,999	27
拢725,000 - 拢749,999	10
拢750,000 - 拢774,999	18
拢775,000 - 拢799,999	8
拢800,000 - 拢824,999	7
拢825,000 - 拢849,999	9
拢850,000 - 拢874,999	7
拢875,000 - 拢899,999	5
拢900,000 - 拢924,999	6
拢925,000 - 拢949,999	4
拢950,000 - 拢974,999	9
拢975,000 - 拢999,999	4
拢1,000,000 - 拢1,249,999	18
拢1,250,000 - 拢1,499,999	6
拢1,500,000 - 拢1,749,999	6
拢1,750,000 - 拢1,999,999	1
拢2,000,000 - 拢4,999,999	0
拢5,000,000 - 拢9,999,999	0
greater than 拢10,000,000	0

Northern Ireland housing transactions

Change to table and accessible view

Price band	Housing transactions
less than 拢25,000	10
拢25,000 - 拢49,999	107
拢50,000 - 拢74,999	400
拢75,000 - 拢99,999	729
拢100,000 - 拢124,999	759
拢125,000 - 拢149,999	852
拢150,000 - 拢174,999	909
拢175,000 - 拢199,999	673
拢200,000 - 拢224,999	402
拢225,000 - 拢249,999	306
拢250,000 - 拢274,999	225
拢275,000 - 拢299,999	217
拢300,000 - 拢324,999	139
拢325,000 - 拢349,999	106
拢350,000 - 拢374,999	68
拢375,000 - 拢399,999	74
拢400,000 - 拢424,999	49
拢425,000 - 拢449,999	40
拢450,000 - 拢474,999	29
拢475,000 - 拢499,999	22
greater than 拢500,000	134

9. Access the data

Download the data as CSV files or access it with .

Data revisions

View any revisions to previously published data in the data downloads or find out more about revisions in our guidance About the UK HPI.

10. About the UK House Price Index

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Find out about the methodology used to create the UK HPI.

Data for the UK House Price Index is provided by HM Land Registry, , and the Valuation Office Agency.

Find out more about the UK House Price Index.

11. Contact