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March 2021 Property Price Update

3 June 2021
Land registry data (UK HPI)Mar. Av. priceMonthly change12 month
City of Westminster£927,993-8.9%-8.1%
Kensington and Chelsea£1,332,134+7.9%-0.4%
  • England house prices grew by 10.2% in the year to March 2021, up from 9.4% in February 2021.  
  • Yorkshire and The Humber was the fastest growing region with annual growth of 14.0% in the year to March 2021. 
  • In London, average house prices increased by 3.7% in the year to March 2021, down from an increase of 4.4% in February 2021.
  • Comparing the provisional volume estimate for January 2020 with the provisional estimate for January 2021, volume transactions increased by 5.7% in England.
  • Across England, terraced houses showed the biggest increase out of all property types, growing by 12.1% in the year to March 2021 to £226,000. 
  • In March 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 area to purchase a property was Burnley, where the average cost was £94,000.
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