Land registry data (UK HPI) | October Av. price | Monthly change | 12 month |
England | £285,113 | -1.5% | +9.8% |
London | £516,285 | +0.3% | +11% |
City of Westminster | £1,004,433 | +9% | +2.5% |
Kensington and Chelsea | £1,425.437 | +0.8% | +10.4% |
- England house prices grew by 9.8% in the year to October 2021, down from 12.2% in September 2021.
- The East Midlands was the fastest growing region with annual growth of 11.7% in the year to October 2021.
- In London, average house prices increased by 6.2% in the year to October 2021, up from an increase of 2.8% in September 2021.
- Across England, detached houses showed the biggest increase out of all property types, growing by 13.8% in the year to October 2021 to £453,000.
- The lowest annual change was in flats and maisonettes which increased by 6.2% in the year to October 2021 to £241,000.
- Across England, detached houses showed the biggest increase out of all property types, growing by 15.7% in the year to June 2021 to £438,000.
- In October 2021, the most expensive area to purchase a property was Kensington and Chelsea, where the average cost was £1.4 million.
- In contrast, the cheapest area to purchase a property was Burnley, where the average cost was £112,000.