Average home prices in UK

The Latest Average House Prices: A Breakdown for July

Written by Owain Banfield
Written by Owain Banfield
20th September 2017

Compare My Move, experts in all things home removal, break down the latest housing figures released by the Office for National Statistics.

Average UK House Prices in July 2017

Average UK house prices saw an annual increase of 5.1% in July 2017, according to the latest figures released by the Office for National Statistics. The latest UK House Price Index was released last week (12th September), and reveals that the average price of a UK property in July was £226,185, a difference of 1.1% on June.

In Great Britain in July, the average house price for first time buyers was £191,305, an annual increase of 5.1%, and was £262,085 for previous home owners, an annual increase of 5.4%.

Region by region, the East Midlands saw the largest annual change of 7.5%, whereas London saw the smallest annual change of 2.8%. So, across the UK house prices continue to rise.

The cheapest area to buy a house in July was Blaenau Gwent in Wales, which saw average house prices of £81,482, an annual increase 3.1%.

Find below a break-down of average house price and growth, region by region.


Average house price in England

In July, the average house price in England was £243,220, leading the way across the UK with an annual increase of 5.4%.  

For first time buyers in the same period in England, the average house price was £204,963, an annual increase of 5.4%, and for former house owners the average house price was £274,984, an annual increase of 5.3%.

The Kensington and Chelsea area of London topped England, and the UK, with the highest average house price of £1,392,424, an annual change of 13.20%. The Cotswold topped the England (and the UK) for biggest annual growth in house price, increasing by 16.4% from £331,061 in June 2016 to £384,745 in July 2017.

The cheapest area to buy a house in England in July was Burnley, which saw average house prices of £83,508, an annual increase of 10.3%.

Find below the top 10 areas for house prices and annual house price growth in England.

TOP 10 AREAS IN ENGLAND
AreaJuly 2017July 2016Difference

Kensington and Chelsea

£1,392,424

£1,229,599

13.20%

City of Westminster

£999,437

£1,025,448

-2.50%

Camden

£848,580

£753,956

12.60%

Hammersmith and Fulham

£759,934

£759,729

0.00%

City of London

£743,954

£911,827

-18.4%

Richmond upon Thames

£685,947

£677,067

1.30%

Islington

£674,896

£648,907

4.00%

Wandsworth

£635,067

£614,052

3.40%

South Bucks

£616,484

£620,952

-0.70%

Elmbridge

£590,525

£609,188

-3.10%

TOP 10 AREAS IN ENGLAND FOR ANNUAL GROWTH
AreaJuly 2017July 2016Difference

Cotswold

£384,745

£331,061

16.20%

Hinckley and Bosworth

£212,285

£185,037

14.70%

Blackburn with Darwen

£116,310

£102,075

13.90%

Kensington and Chelsea

£1,392,424

£1,229,599

13.20%

Hastings

£206,057

£182,179

13.10%

Bury

£169,750

£150,148

13.10%

Maldon

£330,361

£292,793

12.80%

Tendring

£215,636

£191,376

12.70%

Camden

£848,580

£753,956

12.60%

North East Derbyshire

£188,013

£167,159

12.50%


Average house price in Wales

In July, the average house price in Wales was £150,846 an annual increase of 3.1%. In Wales, the average house price for first time buyers in July was £130,80, an annual change of 3.1%, compared to an average house price of £174,074 for previous home owners, an annual change of 3%. 

Monmouthshire had the highest average house price for Wales in July, at the top with an average house price of £222,930, a 0.4%  annual change. Bridgend saw the highest annual increase in average house price in Wales with 12.10%, from £136,701 in July 2016, to £153,242 in July 2017.

The cheapest area to buy a house in Wales (and the UK) in July was Blaenau Gwent, which saw average house prices of £81,482, an annual increase of 3.1%.

Find below the top 10 areas for average house prices and annual house price growth in Wales.

TOP 10 AREAS IN WALES
AreaJuly 2017July 2016Difference

Monmouthshire

£222,930

£222,093

0.40%

Vale of Glamorgan

£211,556

£207,341

2.00%

Cardiff

£198,899

£190,689

4.30%

Powys

£175,275

£166,024

5.60%

Ceredigion

£170,951

£176,776

-3.30%

Pembrokeshire

£166,070

£154,152

7.70%

Newport

£159,210

£151,525

5.10%

Isle of Anglesey

£159,007

£154,847

2.70%

Flintshire

£157,935

£159,298

-0.90%

Conwy

£153,862

£149,243

3.10%

 TOP 10 AREAS IN WALES FOR ANNUAL GROWTH
AreaJuly 2017July 2016Difference

Bridgend

£153,242

£136,701

12.10%

Pembrokeshire

£166,070

£154,152

7.70%

Swansea

£144,175

£135,953

6.00%

Powys

£175,275

£166,024

5.60%

Newport

£159,210

£151,525

5.10%

Cardiff

£198,899

£190,689

4.30%

Torfaen

£133,912

£128,447

4.30%

Conwy

£153,862

£149,243

3.10%

Blaenau Gwent

£81,482

£79,055

3.10%

Rhondda Cynon Taf

£105,085

£102,055

3.00%      


Average house price in Scotland

The average house price in Scotland in July was £149,185, an annual increase of 4.8%. For first time buyers, the average house price  in Scotland was at £120,630, an annual change of 4.1%, and for previous home owners, the average house price was £178,766, an annual change of 5.5%.

The most expensive area in Scotland to buy a house in July was the City of Edinburgh with an average house price of £243,920, an annual difference of 9.6%. The Orkney Islands saw the biggest annual increase in average house prices, from £124,499 in July 2016 to £142,221 in July 2017, an increase of 14.20%. 

The cheapest area to buy a house in Scotland in July was East Ayrshire, with an average house price of £97,248, an annual increase of 5.6%.

Find below the top 10 areas for average house prices and annual house price growth in Scotland.

TOP 10 AREAS IN SCOTLAND
AreaJuly 2017July 2016Difference

City of Edinburgh

£243,920

£222,506

9.60%

East Renfrewshire

£220,954

£213,994

3.30%

East Lothian

£208,446

£202,502

2.90%

East Dunbartonshire

£200,792

£198,419

1.20%

Aberdeenshire

£200,092

£199,391

0.40%

Stirling

£183,515

£174,623

5.10%

Perth and Kinross

£179,614

£174,680

2.80%

City of Aberdeen

£166,836

£180,687

-7.70%

Midlothian

£166,522

£160,689

3.60%

Shetland Islands

£162,534

£157,801

3.00%

 TOP 10 AREAS IN SCOTLAND FOR ANNUAL GROWTH
AreaJuly 2017July 2016Difference

Orkney Islands

£142,221

£124,499

14.20%

City of Edinburgh

£243,920

£222,506

9.60%

Angus

£149,567

£139,075

7.50%

Dumfries and Galloway

£124,840

£116,201

7.40%

Moray

£150,393

£140,261

7.20%

South Ayrshire

£133,560

£125,622

6.30%

City of Glasgow

£125,060

£117,634

6.30%

East Ayrshire

£97,248

£92,109

5.60%

Clackmannanshire

£121,621

£115,481

5.30%

Stirling

£183,515

£174,623

5.10%      


As house prices increase, so does the cost of moving house. To save money when it’s most needed, the best thing you can do is compare. At Compare My Move, we’ve helped thousands of movers save up to 70%  on their removal costs.

Just fill in a quick and easy form and get a shortlist of up to 6 local removal companies, reviewed by you and verified by us. Check out our house moving guides and other housing articles to help you on your moving day.

Last updated on Monday 16th October 2017

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