Accredited official statistics

UK House Price Index summary: June 2020

Published 16 September 2020

1. Headline statistics for June 2020

The average price of a property in the UK was £237,834

The annual price change for a property in the UK was 3.4%

The monthly price change for a property in the UK was 2.7%

The monthly index figure (January 2015 = 100) for the UK was 124.7

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 2020 UK HPI will be published at 9.30am on Wednesday 7 October 2020. See the provisional publication schedule for more information.

2. Economic statement

UK house prices increased by 3.4% in the year to June 2020, up from 1.1% in May 2020. On a non-seasonally adjusted basis, average house prices in the UK increased by 2.7% between May 2020 and June 2020, compared with a rise of 0.4% during the same period a year earlier (May 2019 and June 2019).

House price growth was strongest in England where prices increased by 3.5% over the year to June 2020. The highest annual growth within the English regions was in the East Midlands where average house prices grew by 4.5%. The lowest annual growth was in the North East, where prices increased by 1.7% over the year to June 2020.

The Royal Institution of Chartered Surveyors’ (RICS) June 2020 UK Residential Market Survey results point to a recovery emerging across the market, with indicators on buyer demand, sales and fresh listings all rallying noticeably following the lockdown-related falls. Respondents still appear relatively cautious on the prospect of this improvement being sustained over the longer term.

The Bank of England’s Agents’ summary of business conditions - 2020 Q2 reported that housing market activity is gradually resuming in England, with estate agents reporting strong demand from buyers and a modest increase in instructions to sell. Agents around the country noted an increase in interest from buyers looking to move out of London, and in properties that are more suitable for home-working.

The UK Property Transactions Statistics for June 2020 showed that on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 61,780. This is 37.4% lower than a year ago. Between May 2020 and June 2020, transactions increased by 28.4%.

The Bank of England’s Money and Credit June 2020 release reported that mortgage approvals for house purchases (an indicator of future lending) increased in June to 40,000 but is still below February’s pre-coronavirus (COVID-19) level of 73,700.

3. Price changes

3.1 Annual price change

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

A chart showing the annual price change for the UK by country over the past 5 years.

Average house prices in the UK increased by 3.4% in the year to June 2020, up from 1.1% in May 2020.

At the country level, the largest annual house price growth was recorded in England, increasing by 3.5% over the year to June 2020.

Northern Ireland saw house prices increase by 3.0% over the year to Quarter 2 (April to June) 2020.

Scotland saw house prices increase by 2.9% in the year to June 2020.

Wales house prices increased by 2.8% in the year to June 2020.

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 £254,423 2.8% 3.5%
Northern Ireland (Quarter 2 - 2020) £141,131 0.3% 3.0%
Scotland £157,056 2.8% 2.9%
Wales £167,505 2.7% 2.8%
East Midlands £200,682 2.6% 4.5%
East of England £295,856 2.0% 2.6%
London £490,495 3.6% 4.2%
North East £131,742 2.9% 1.7%
North West £170,939 4.3% 4.4%
South East £327,558 1.6% 2.1%
South West £263,474 2.9% 4.3%
West Midlands £204,664 3.0% 4.1%
Yorkshire and The Humber £169,020 2.7% 3.3%

Price changes by country and government office region

A heat map showing monthly price changes by country and government office region.

On a non-seasonally adjusted basis, average house prices in the UK increased by 2.7% between May 2020 and June 2020, compared with a rise of 0.4% during the same period a year earlier (May 2019 and June 2019). On a seasonally adjusted basis, average house prices in the UK increased by 2.4% between May 2020 and June 2020.

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 2020 June 2019 Difference
Detached £360,814 £347,564 3.8%
Semi-detached £227,561 £218,676 4.1%
Terraced £193,774 £186,272 4.0%
Flat or maisonette £206,148 £204,271 0.9%
All £237,834 £230,049 3.4%

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 2020 April 2019
England 18,917 60,107
Northern Ireland (Quarter 2 - 2020) 1,652 6,195
Scotland 2,340 7,927
Wales 1,166 3,462

Note: The number of property transactions for April 2020 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for April 2019 with the provisional estimate for April 2020, volume transactions decreased by 65.2% in England, 63.3% in Wales, 70.0% in Scotland and by 68.3% in Northern Ireland in the year to April 2020.

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, volume transactions decreased by 56.2% in England, 56.5% in Wales, 66.0% in Scotland and by 79.7% in Northern Ireland in the year to April 2020.

4.2 Sales volumes for the UK over the past 5 years

Sales volumes for 2016 to 2020 by country: April

A chart showing sales volumes by country for April 2016, April 2018, April 2018, April 2019 and April 2020.

Note: The number of property transactions for April 2020 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for April 2019 with the provisional estimate for April 2020, UK volume transactions decreased by 65.9%.

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 57.6% in the year to April 2020.

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 2020 Monthly change Annual change
New build £302,253 1.5% 5.9%
Existing resold property £226,377 -1.3% 0.7%

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

Type of buyer Average price June 2020 Monthly change Annual change
First time buyer £200,028 2.8% 3.2%
Former owner occupier £276,014 2.8% 3.6%

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 2020 Monthly change Annual change
Cash £225,591 2.9% 2.9%
Mortgage £248,165 2.7% 3.6%

8. Housing transaction distributions

Between January 2020 and March 2020, there were 183,679 property sales.

The most popular price range for:

  • England was £150,000 to £174,999 – 12,660 properties were purchased
  • Northern Ireland was £125,000 to £149,999 – 849 properties were purchased
  • Scotland was £75,000 to £99,999 – 2,285 properties were purchased
  • Wales was £125,000 to £149,999 – 1,248 properties were purchased

The charts below show the distribution of housing transactions for Q1 (January to March) 2020 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 67
£25,000 to £49,999 1,049
£50,000 to £74,999 4,470
£75,000 to £99,999 7,758
£100,000 to £124,999 9,529
£125,000 to £149,999 12,153
£150,000 to £174,999 12,660
£175,000 to £199,999 11,984
£200,000 to £224,999 10,288
£225,000 to £249,999 10,234
£250,000 to £274,999 9,414
£275,000 to £299,999 8,165
£300,000 to £324,999 7,104
£325,000 to £349,999 5,941
£350,000 to £374,999 5,370
£375,000 to £399,999 4,553
£400,000 to £424,999 3,823
£425,000 to £449,999 3,135
£450,000 to £474,999 2,794
£475,000 to £499,999 2,460
£500,000 to £524,999 1,893
£525,000 to £549,999 1,724
£550,000 to £574,999 1,566
£575,000 to £599,999 1,363
£600,000 to £624,999 1,191
£625,000 to £649,999 989
£650,000 to £674,999 851
£675,000 to £699,999 791
£700,000 to £724,999 657
£725,000 to £749,999 622
£750,000 to £774,999 589
£775,000 to £799,999 473
£800,000 to £824,999 422
£825,000 to £849,999 354
£850,000 to £874,999 386
£875,000 to £899,999 312
£900,000 to £924,999 289
£925,000 to £949,999 233
£950,000 to £974,999 277
£975,000 to £999,999 220
£1,000,000 to £1,249,999 1,156
£1,250,000 to £1,499,999 679
£1,500,000 to £1,749,999 400
£1,750,000 to £1,999,999 250
£2,000,000 to £4,999,999 506
£5,000,000 to £9,999,999 72
Greater than £10,000,000 12

Northern Ireland housing transactions

Price band Housing transactions
Less than £25,000 19
£25,000 to £49,999 150
£50,000 to £74,999 560
£75,000 to £99,999 759
£100,000 to £124,999 774
£125,000 to £149,999 849
£150,000 to £174,999 644
£175,000 to £199,999 351
£200,000 to £224,999 214
£225,000 to £249,999 188
£250,000 to £274,999 110
£275,000 to £299,999 112
£300,000 to £324,999 49
£325,000 to £349,999 35
£350,000 to £374,999 29
£375,000 to £399,999 33
£400,000 to £424,999 24
£425,000 to £449,999 11
£450,000 to £474,999 4
£475,000 to £499,999 11
Greater than £500,000 29

Scotland housing transactions

Price band Housing transactions
Less than £25,000 155
£25,000 to £49,999 779
£50,000 to £74,999 1,794
£75,000 to £99,999 2,285
£100,000 to £124,999 1,897
£125,000 to £149,999 2,047
£150,000 to £174,999 1,847
£175,000 to £199,999 1,701
£200,000 to £224,999 1,200
£225,000 to £249,999 1,177
£250,000 to £274,999 869
£275,000 to £299,999 664
£300,000 to £324,999 484
£325,000 to £349,999 387
£350,000 to £374,999 260
£375,000 to £399,999 226
£400,000 to £424,999 163
£425,000 to £449,999 126
£450,000 to £474,999 91
£475,000 to £499,999 73
£500,000 to £524,999 61
£525,000 to £549,999 47
£550,000 to £574,999 58
£575,000 to £599,999 35
£600,000 to £624,999 36
£625,000 to £649,999 34
£650,000 to £674,999 28
£675,000 to £699,999 19
£700,000 to £724,999 17
£725,000 to £749,999 12
£750,000 to £774,999 13
£775,000 to £799,999 12
£800,000 to £824,999 9
£825,000 to £849,999 6
£850,000 to £874,999 11
£875,000 to £899,999 6
£900,000 to £924,999 2
£925,000 to £949,999 7
£950,000 to £974,999 4
£975,000 to £999,999 5
£1,000,000 to £1,249,999 15
£1,250,000 to £1,499,999 15
£1,500,000 to £1,749,999 2
£1,750,000 to £1,999,999 4
£2,000,000 to £4,999,999 6
£5,000,000 to £9,999,999 0
Greater than £10,000,000 0

Wales housing transactions

Price band Housing transactions
Less than £25,000 0
£25,000 to £49,999 108
£50,000 to £74,999 545
£75,000 to £99,999 960
£100,000 to £124,999 1,204
£125,000 to £149,999 1,248
£150,000 to £174,999 1,080
£175,000 to £199,999 864
£200,000 to £224,999 538
£225,000 to £249,999 522
£250,000 to £274,999 396
£275,000 to £299,999 312
£300,000 to £324,999 213
£325,000 to £349,999 171
£350,000 to £374,999 125
£375,000 to £399,999 114
£400,000 to £424,999 79
£425,000 to £449,999 67
£450,000 to £474,999 52
£475,000 to £499,999 34
£500,000 to £524,999 27
£525,000 to £549,999 23
£550,000 to £574,999 22
£575,000 to £599,999 15
£600,000 to £624,999 16
£625,000 to £649,999 12
£650,000 to £674,999 9
£675,000 to £699,999 6
£700,000 to £724,999 3
£725,000 to £749,999 8
£750,000 to £774,999 7
£775,000 to £799,999 5
£800,000 to £824,999 2
£825,000 to £849,999 4
£850,000 to £874,999 3
£875,000 to £899,999 4
£900,000 to £924,999 3
£925,000 to £949,999 1
£950,000 to £974,999 0
£975,000 to £999,999 0
£1,000,000 to £1,249,999 4
£1,250,000 to £1,499,999 1
£1,500,000 to £1,749,999 0
£1,750,000 to £1,999,999 0
£2,000,000 to £4,999,999 0
£5,000,000 to £9,999,999 0
Greater than £10,000,000 0

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