Land registry data (UK HPI) | April Av. price | Monthly change | 12-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.