Land registry data (UK HPI) | December Av. price | Monthly change | 12-month |
England | £293,339 | +1.1% | +10.7% |
London | £521,146 | +0.2% | +5.5% |
City of Westminster | £1,031,431 | +6.2% | +15.1% |
Kensington and Chelsea | £1,374,008 | +5.2% | +2.7% |
- England house prices grew by 10.7% in the year to December 2021, up from 10.5% in November 2021.
- The South West was the fastest growing region with annual growth of 13.6% in the year to December 2021.
- Across England, detached houses showed the biggest increase out of all property types, growing by 15.4% in the year to December 2021 to £468,000.
- The lowest annual change was in flats and maisonettes, which increased by 5.6% in the year to December 2021 to £245,000.
- Across England, detached houses showed the biggest increase out of all property types, growing by 13.8% in the year to November 2021 to £456,000.
- In London, average house prices increased by 5.5% in the year to December 2021, up from 5.1% in November 2021.
- In December 2021, the most expensive borough to purchase a property was Kensington and Chelsea, where the average cost was £1.3 million.
- In contrast, the cheapest borough to purchase a property was Barking and Dagenham, where the average cost was £332,000.