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JULY: Property performance update

6 July 2022
Land registry data (UK HPI)April Av. priceMonthly change12-month
England£299,249+0.8%+11.9%
London£523,666+4.9%+7.9%
City of Westminster£977,554-0.5%+5.0%
Kensington and Chelsea£1,513,711+4.6%+26.7%
  • England house prices grew by 11.9% in the year to April 2022, up from 9.7% in March 2022. 
  • England house prices were growing slower than the UK annual rate of 12.4% in the year to April 2022.
  • In London, average house prices increased by 7.9% in the year to April 2022, up from 4.9% in March 2022.
  • The South West was the fastest growing region with annual growth of 14.1% in the year to April 2022.  
  • Across England, detached houses showed the largest increase out of all property types, growing by 14.2% in the year to April 2022 to £471,000. 
  • The lowest annual change was in flats and maisonettes which increased by 7.0% in the year to April 2022 to £248,000.
  • 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 April 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 £119,000.
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