UK House Price Index for February 2021
The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.
The February data shows:
On average, house prices have neither risen nor fallen since January 2021 and there has been an annual price rise of 8.6% which makes the average property in the UK valued at £250,341.
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Data for February for England the February finds that on average, house prices have increased 0.2% since January 2021. The annual price rise of 8.7% takes the average property value to £268,291.
Data for England indicates that for the North West monthly price increased by 1.3% with the North East having the lowest monthly price growth at -1.6%. On an annual review price growth for the North West was up by 11.9% while London had the lowest annual price growth of 4.6%.
The North West experienced the greatest monthly price rise, up by 1.3% the North East saw the lowest monthly price growth, with a fall of -1.6% the North West experienced the greatest annual price rise, up by 11.9% London saw the lowest annual price growth, with a rise of 4.6%.
Data from the HPI report:
On average for London house prices have fallen by 1.4% since January 2021.
The report finds:
"An annual price rise of 4.6% takes the average property value to £496,269."
For Wales average house prices have declined by 0.7% since January this year while the annual price rise of 8.4% now has the average property value £179,861.
The HPI report states:
"The UK Property Transactions Statistics showed that in February 2021, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 147,050. This is 48.5% higher than a year ago. Between January 2021 and February 2021, UK transactions increased by 23% on a seasonally adjusted basis."
The Complete Report: UK House Price Index for February 2021