Land registry data (UK HPI) | Mar. Av. price | Monthly change | 12 month |
England | £274,615 | +1.7% | +10.2% |
London | £500,310 | +1% | +3.4% |
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.