Accredited official statistics

UK House Price Index summary: June 2022

Published 17 August 2022

1. Headline statistics for June 2022

The average price of a property in the UK was £286,397

The annual price change for a property in the UK was 7.8%

The monthly price change for a property in the UK was 1.0%

The monthly index figure (January 2015 = 100) for the UK was 150.2

Estimates for the most recent months are provisional and are likely to be updated as more data is incorporated into the index. Read Revisions to the UK HPI data.

Next publication of UK HPI

The July 2022 UK HPI will be published at 9.30am on Wednesday 14 September 2022. See the calendar of release dates for more information.

2. Economic statement

UK house prices increased by 7.8% in the year to June 2022, down from 12.8% in May 2022. On a non-seasonally adjusted basis, average house prices in the UK increased by 1.0% between May and June 2022, down from an increase of 5.7% during the same period a year earlier (May and June 2021).

House price growth was strongest in the East of England where prices increased by 9.7% in the year to June 2022. The lowest annual growth was in North East, where prices increased by 3.6% in the year to June 2022.

The Royal Institution of Chartered Surveyors’ (RICS’) June 2022 UK Residential Market Survey reported that results point to a softening in demand at the headline level.

The Bank of England’s Agents summary of business conditions 2022 Q2 reported a modest increase in the availability of properties for sale across the UK and house price inflation starting to moderate in some areas.

The UK Property Transactions Statistics showed that in June 2022, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 95,420. This is 54.3% lower than a year ago (June 2021). Between May and June 2022, UK transactions decreased by 7.9% on a seasonally adjusted basis.

The Bank of England’s Money and Credit June 2022 release reported that mortgage approvals for house purchases, an indicator of future borrowing, decreased to 63,700 in June 2022, from 65,700 in May 2022. This remains below the pre-pandemic 12-month average up to February 2020 of 66,700.

3. Price changes

3.1 Annual price change

Annual price change for UK by country over the past 5 years

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Average house prices in the UK increased by 7.8% in the year to June 2022, down from 12.8% in May 2022.

At the country level, the largest annual house price growth in the year to June 2022 was recorded in Scotland, where house prices increased by 11.6%.

Wales saw houses prices increase by 8.6% in the year to June 2022.

England saw house prices increase by 7.3% in the year to June 2022.

Northern Ireland saw house prices increase by 9.6% over the year to Quarter 2 (April to June) 2022.

3.2 Average price by country and government office region

Price, monthly change and annual change by country and government office region

Country and government office region	Price	Monthly change	Annual change
England	£304,867	0.9%	7.3%
Northern Ireland (Quarter 2 - 2022)	£169,063	3.2%	9.6%
Scotland	£192,249	2.2%	11.6%
Wales	£213,091	0.6%	8.6%
East Midlands	£245,911	1.7%	9.3%
East of England	£354,481	0.5%	9.7%
London	£537,920	1.9%	6.3%
North East	£157,924	1.7%	3.6%
North West	£212,347	2.1%	6.2%
South East	£390,513	0.8%	8.9%
South West	£322,329	0.5%	8.0%
West Midlands Region	£246,114	0.0%	6.6%
Yorkshire and The Humber	£203,973	-0.4%	4.2%

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Price changes by country and government office region

On a non-seasonally adjusted basis, average house prices in the UK increased by 1.0% between May 2022 and June 2022, down from 5.7% during the same period a year earlier (May 2021 and June 2021).

On a seasonally adjusted basis, average house prices in the UK increased by 0.5% between May 2022 and June 2022.

Note: The Northern Ireland figure represents a 3-month change and is not comparable with the other regions and countries.

3.3 Average price by property type

Average monthly price by property type

Property type	June 2022	June 2021	Difference
Detached	£446,435	£407,676	9.5%
Semi-detached	£276,955	£253,963	9.1%
Terraced	£235,294	£220,241	6.8%
Flat or maisonette	£231,860	£221,029	4.9%
All	£286,397	£265,676	7.8%

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4. Sales volumes

The amount of time between the sale of a property and the registration of this information varies. It typically ranges between 2 weeks and 2 months but can be longer. Volume figures for the most recent 2 months are not yet at a reliable level for reporting, so they are not included in the report. Published transactions for recent months will increase as later registered transactions are incorporated into the index.

Sales volume data is also available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions involving the creation of a new register, such as new builds, are more complex and require more time to process. Read Revisions to the UK HPI data for more information.

4.1 Sales volumes

Number of sales volumes by country

Country	April 2022	April 2021
England	39,289	73,773
Northern Ireland (Quarter 2 - 2022)	1,933	2,652
Scotland	8,482	7,219
Wales	2,366	3,967

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Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.

Note: The number of property transactions for April 2022 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for April 2021 with the provisional estimate for April 2022, volume transactions decreased by 1.9% in England, increased by 21.1% in Scotland and increased by 9.6% in Wales. Northern Ireland’s volume transactions decreased by 19.3% in the year to Quarter 2 2022.

UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, in the year to April 2022 volume transactions decreased by 15.3% in England, 8.6% in Northern Ireland, 13.7% in Wales and increased by 22.5% in Scotland.

4.2 Sales volumes for the UK over the past 5 years

Sales volumes for 2018 to 2022 by country: April

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Note: The number of property transactions for April 2022 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for April 2021 with the provisional estimate for April 2022, UK volume transactions increased by 2.5% in the year to April 2022.

UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, UK volume transactions decreased by 12.7% in the year to April 2022.

5. Property status for UK

Transactions involving the creation of a new register, such as new builds, are more complex and need more time to process. This means they can take longer to appear in the land registers. The volume of new build transactions for the most recent 2 months are not at a reliable level for reporting the breakdown between new build and existing resold property, so they are not included in the report.

New build and existing resold property

Property status	Average price April 2022	Monthly change	Annual change
New build	£378,499	-3.1%	16.9%
Existing resold property	£273,767	1.3%	11.7%

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Note: Since the October 2017 release, amendments have been made to our estimation model when calculating our provisional estimate. Find out further information and the impact of this change in the methods used to produce the UK HPI.

6. Buyer status for Great Britain

First time buyer and former owner occupier

For Great Britain only, Northern Ireland data is not available for buyer status.

Type of buyer	Average price June 2022	Monthly change	Annual change
First time buyer	£239,418	1.3%	7.3%
Former owner occupier	£334,712	0.9%	8.3%

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7. Funding status for Great Britain

Cash and mortgage

For Great Britain only, Northern Ireland data is not available for funding status.

Funding status	Average price June 2022	Monthly change	Annual change
Cash	£271,081	0.9%	6.9%
Mortgage	£299,126	1.1%	8.1%

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8. Housing transaction distributions

Between January and March 2022, there were 177,997 property sales.

The most popular price range for:

• England was £150,000 to £174,999 – 10,317 properties were purchased
• Scotland was £75,000 to £99,999 – 2,299 properties were purchased
• Wales was £125,000 to £149,999 – 1,133 properties were purchased
• Northern Ireland was £125,000 to £149,999 – 936 properties were purchased

The charts below show the distribution of housing transactions for Q1 (January to March) 2022 for countries of the UK. Data is presented in bands of £25,000 up to £1 million, followed by larger bands up to and over £10 million.

In line with the UK HPI revisions policy, the number of transactions will increase as more data are incorporated into the index, which would also impact the distributions presented in this analysis.

England housing transactions

Price band	Housing transactions
less than £25,000	11
£25,000 - £49,999	364
£50,000 - £74,999	2585
£75,000 - £99,999	5445
£100,000 - £124,999	7369
£125,000 - £149,999	9475
£150,000 - £174,999	10317
£175,000 - £199,999	10237
£200,000 - £224,999	9188
£225,000 - £249,999	9388
£250,000 - £274,999	8603
£275,000 - £299,999	7770
£300,000 - £324,999	6686
£325,000 - £349,999	6193
£350,000 - £374,999	5430
£375,000 - £399,999	4977
£400,000 - £424,999	4062
£425,000 - £449,999	3663
£450,000 - £474,999	3123
£475,000 - £499,999	2860
£500,000 - £524,999	2188
£525,000 - £549,999	2043
£550,000 - £574,999	1922
£575,000 - £599,999	1607
£600,000 - £624,999	1402
£625,000 - £649,999	1325
£650,000 - £674,999	1275
£675,000 - £699,999	1000
£700,000 - £724,999	946
£725,000 - £749,999	791
£750,000 - £774,999	808
£775,000 - £799,999	682
£800,000 - £824,999	579
£825,000 - £849,999	530
£850,000 - £874,999	598
£875,000 - £899,999	490
£900,000 - £924,999	409
£925,000 - £949,999	346
£950,000 - £974,999	395
£975,000 - £999,999	320
£1,000,000 - £1,249,999	1699
£1,250,000 - £1,499,999	1076
£1,500,000 - £1,749,999	561
£1,750,000 - £1,999,999	365
£2,000,000 - £4,999,999	787
£5,000,000 - £9,999,999	81
greater than £10,000,000	17

Scotland housing transactions

Price band	Housing transactions
less than £25,000	89
£25,000 - £49,999	692
£50,000 - £74,999	1675
£75,000 - £99,999	2299
£100,000 - £124,999	2076
£125,000 - £149,999	2233
£150,000 - £174,999	2007
£175,000 - £199,999	1756
£200,000 - £224,999	1541
£225,000 - £249,999	1331
£250,000 - £274,999	1110
£275,000 - £299,999	956
£300,000 - £324,999	783
£325,000 - £349,999	593
£350,000 - £374,999	504
£375,000 - £399,999	367
£400,000 - £424,999	299
£425,000 - £449,999	239
£450,000 - £474,999	235
£475,000 - £499,999	170
£500,000 - £524,999	129
£525,000 - £549,999	93
£550,000 - £574,999	92
£575,000 - £599,999	71
£600,000 - £624,999	71
£625,000 - £649,999	61
£650,000 - £674,999	41
£675,000 - £699,999	32
£700,000 - £724,999	29
£725,000 - £749,999	31
£750,000 - £774,999	23
£775,000 - £799,999	23
£800,000 - £824,999	23
£825,000 - £849,999	14
£850,000 - £874,999	15
£875,000 - £899,999	8
£900,000 - £924,999	16
£925,000 - £949,999	8
£950,000 - £974,999	11
£975,000 - £999,999	7
£1,000,000 - £1,249,999	39
£1,250,000 - £1,499,999	18
£1,500,000 - £1,749,999	9
£1,750,000 - £1,999,999	9
£2,000,000 - £4,999,999	8
£5,000,000 - £9,999,999	0
greater than £10,000,000	0

Wales housing transactions

Price band	Housing transactions
less than £25,000	0
£25,000 - £49,999	27
£50,000 - £74,999	231
£75,000 - £99,999	562
£100,000 - £124,999	819
£125,000 - £149,999	1133
£150,000 - £174,999	1056
£175,000 - £199,999	866
£200,000 - £224,999	634
£225,000 - £249,999	615
£250,000 - £274,999	438
£275,000 - £299,999	391
£300,000 - £324,999	287
£325,000 - £349,999	237
£350,000 - £374,999	200
£375,000 - £399,999	181
£400,000 - £424,999	105
£425,000 - £449,999	96
£450,000 - £474,999	83
£475,000 - £499,999	88
£500,000 - £524,999	45
£525,000 - £549,999	47
£550,000 - £574,999	34
£575,000 - £599,999	28
£600,000 - £624,999	17
£625,000 - £649,999	21
£650,000 - £674,999	17
£675,000 - £699,999	17
£700,000 - £724,999	9
£725,000 - £749,999	13
£750,000 - £774,999	10
£775,000 - £799,999	9
£800,000 - £824,999	6
£825,000 - £849,999	6
£850,000 - £874,999	7
£875,000 - £899,999	6
£900,000 - £924,999	3
£925,000 - £949,999	4
£950,000 - £974,999	2
£975,000 - £999,999	3
£1,000,000 - £1,249,999	10
£1,250,000 - £1,499,999	6
£1,500,000 - £1,749,999	1
£1,750,000 - £1,999,999	0
£2,000,000 - £4,999,999	4
£5,000,000 - £9,999,999	0
greater than £10,000,000	0

Northern Ireland housing transactions

Price band	Housing transactions
less than £25,000	13
£25,000 - £49,999	95
£50,000 - £74,999	445
£75,000 - £99,999	860
£100,000 - £124,999	753
£125,000 - £149,999	936
£150,000 - £174,999	762
£175,000 - £199,999	537
£200,000 - £224,999	311
£225,000 - £249,999	249
£250,000 - £274,999	189
£275,000 - £299,999	159
£300,000 - £324,999	106
£325,000 - £349,999	90
£350,000 - £374,999	68
£375,000 - £399,999	53
£400,000 - £424,999	29
£425,000 - £449,999	20
£450,000 - £474,999	15
£475,000 - £499,999	23
greater than £500,000	86

9. Access the data

Download the data as CSV files or access it with our UK HPI tool.

Data revisions

View any revisions to previously published data in the data downloads or find out more about revisions in our guidance About the UK HPI.

10. About the UK House Price Index

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Find out about the methodology used to create the UK HPI.

Data for the UK House Price Index is provided by HM Land Registry, Registers of Scotland, The Land & Property Services/Northern Ireland Statistics & Research Agency and the Valuation Office Agency.

Find out more about the UK House Price Index.

11. Contact

Eileen Morrison, Data Services Team Leader, HM Land Registry

Email eileen.morrison@landregistry.gov.uk

Telephone 0300 006 5288

Aimee North, Head of Housing Market Indices, Office for National Statistics

Email aimee.north@ons.gov.uk

Telephone 01633 456400

Ciara Cunningham, Statistician for the Northern Ireland HPI

Email ciara.cunningham@finance-ni.gov.uk

Telephone 028 90 336035

Anne MacDonald, Land & Property Data Team, Registers of Scotland

Email Anne.MacDonald@ros.gov.uk

Telephone 0131 378 4991