WATCH: UK Average House Price Changes
Compare My Move has looked at month-by-month data of the average UK house price over the past 25 years. We’ve analysed property prices in the UK's largest 50 cities from 1995 up to 2019 to create a time-lapse that illustrates the dramatic change in the UK property market.
We discovered that whilst London holds the title for the highest property price since 1995, Brighton saw the strongest growth in the UK property market. London, Cambridge, Oxford, Brighton and Poole all battled for their place in the top 5 most expensive UK house price, whilst properties in Scotland saw the lowest average price at £40,322.
Watch our animated bar chart below to track the history of your city’s property prices.
YouTube link: https://www.youtube.com/watch?v=ykL7OyCp0sk&t=1s
London - Highest Price
London hit the highest average
price at a staggering £488,527
Brighton - Largest Growth
Brighton saw the biggest growth
with prices increasing by 668%
Glasgow - Smallest Growth
Glasgow saw the least growth
with prices increasing by 179%
UK Average Growth
The UK Average House Price
grew by 318% from 1995 to 2019
From analysing the data, Compare My Move found that the average price of a UK house grew by a staggering 318% from 1995 to 2019, with Brighton taking the lead for the biggest growth at 668% and Glasgow experiencing the smallest gain of 179%.
London hit the highest price for property at £488,527, but the recent change in the UK property market saw London house prices take its most significant dip since the financial crash in 2008, meaning London house prices took an annual decrease of 2.7%.
We found that Edinburgh solidly stayed near the 6th place mark from 2006 up until 2013. It remains the 10th most expensive UK city to buy property in 2019, whilst London tops the list at £466,824 and Peterborough ranks at 20th with £200,784.
Average House Price Comparison 1995 - 2019
About Compare My Move:
Compare My Move is a UK comparison website which helps users save on the cost of moving house. UK home movers can compare and save on removal companies, RICS Chartered Surveyors, and Licensed Conveyancers.
All partners on the network are fully verified by Compare My Move and reviewed by its users. Compare My Move was launched in 2012 by Marc Benger and Dave Sayce, who have more than 30 years of experience in the house removal industry. Every year, Compare My Move helps over 90,000 people move house.
All data was obtained on 14th August 2019 and is correct at the time of publishing.