|Land registry data (UK HPI)||March Av. price||Monthly change||12-month|
|City of Westminster||£1,030,679||-0.5%||+8.0%|
|Kensington and Chelsea||£1,451,567||+5.3%||+20.3%|
- England house prices grew by 9.9% in the year to March 2022, down from 11.0% in February 2022.
- Across England, detached houses showed the largest increase out of all property types, growing by 13.8% in the year to March 2022 to £472,000.
- The East Midlands experienced the greatest increase in its average property value over the last 12 months with a movement of 12.4%
- London saw the most significant monthly price fall with a movement of -0.9%
- The East Midlands experienced the greatest monthly growth with an increase of 1.2%
- London saw the lowest annual price growth with an increase of 4.8%
- Wales shows, on average, house prices have risen by 0.4% since February 2022. An annual price rise of 11.7% takes the average property value to £206,395.
- The lowest annual change was in flats and maisonettes which increased by 4.1% in the year to March 2022 to £245,000.
- In March 2022, the most expensive area to purchase a property was Kensington and Chelsea, where the average cost was £1.5 million.
- In contrast, the cheapest area to purchase a property was Burnley, where the average cost was £111,000.