House prices in the UK: the latest figures

Here you can find out which areas have the most expensive or cheapest houses or which ones have increased the most in the last year.

Across all UK markets, buyer demand has dropped by a third since the mini budget.

However, 2022 was a good year for property, with nearly 300,000 sales still to come this autumn, taking the year’s total sales to 1.3 million.

In the absence of additional supply, house prices will remain buoyant for the rest of the year and we don’t expect any impact until 2023.

In the UK, the average home costs £259,100, although this figure varies from region to region. It varies from almost five times that amount in Kensington and Chelsea to less than half in East Ayrshire.

UK’s most expensive house prices

London’s expensive house prices are no surprise. In addition to Kensington and Chelsea, six other parts of the capital make the list.

Even a 1% or 2% increase in value in these areas is a big jump in pounds and pence due to their high house prices.

In the South East, they are joined by Elmbridge, South Buckinghamshire, and Chiltern. Due to the movement to less urban areas, these areas also recorded higher price growth than areas in the capital.

Area	Average house price	Annual price change (%)	Annual price change (£)
Kensington and Chelsea	£1,206,600	0.9%	£10,430
City of Westminster	£983,400	0.2%	£2,365
Richmond upon Thames	£771,600	5%	£36,906
Camden	£752,700	1.5%	£11,035
Hammersmith and Fulham	£739,300	1.3%	£9,153
Elmbridge	£716,100	6.0%	£40,264
South Buckinghamshire	£677,000	5.7%	£36,287
Wandsworth	£659,900	3.1%	£19,770
Chiltern	£651,200	6.1%	£37,442
Islington	£632,500	2.8%	£17,064

UK’s cheapest house prices

Currently, East Ayrshire, Inverclyde, and West Dunbartonshire have the lowest house prices in the UK.

Hartlepool, Middlesbrough, Kingston upon Hull, and Burnley all have house prices below half the national average in the North West.

The growth of house prices in these affordable areas remains relatively strong. Over the past year, Hartlepool and Middlesbrough homeowners gained more than 9% in value on their homes.

Area	Average house price	Annual price growth (%)	Annual price growth (£)
East Ayrshire	£102,600	5.9%	£5,756
Inverclyde	£103,400	6.5%	£6,270
West Dunbartonshire	£107,200	5.8%	£5,833
Hartlepool	£111,500	9.2%	£9,348
North Ayrshire	£111,500	5.9%	£6,165
Middlesbrough	£113,600	9.1%	£9,477
Kingston upon Hull	£113,600	6.6%	£6,997
North Lanarkshire	£114,900	6.9%	£7,436
Burnley	£115,600	7.4%	£7,996
Hyndburn	£120,700	7.5%	£8,453

The highest house price increases in the UK

Teignbridge, South Hams, and Torbay top the list of South Devon’s price percentage growth. In the last year, these areas have seen the highest growth despite having pretty expensive house prices.

Rochdale, Oldham, Wigan and St Helens all recorded more than 11% house price growth, making them commuter spots for Manchester.

Wolverhampton and South Staffordshire are also getting price increases from buyers’ demand.

Area	Average house price (rounded)	Annual price growth (%)	Annual price growth (£)
Teignbridge	£316,200	12.7%	£35,653
South Hams	£406,500	12.7%	£45,678
Torbay	£263,200	12.1%	£28,400
Rochdale	£162,800	11.7%	£17,010
Oldham	£169,200	11.7%	£17,665
Wigan	£164,400	11.6%	£17,038
Wolverhampton	£171,400	11.3%	£17,366
South Staffordshire	£282,900	11.3%	£28,807
St Helens	£160,600	11.2%	£16,226
Halton	£158,200	11.1%	£15,834

The highest house price growth in pounds and pence in the UK

The picture differs if you look at price growth in monetary terms.

Almost all of these areas are located in the South of England, where house prices are higher. Even though the percentage growth is weaker for some, the growth in pounds and pence is still substantial.

There was a golden combination of percentage growth and monetary gains in South Hams and Teignbridge in Devon last year.

Area	Average house price (rounded)	Annual price growth (%)	Annual price growth (£)
South Hams	£406,500	12.7%	£45,678
East Dorset	£451,300	10.2%	£41,595
Elmbridge	£716,100	6.0%	£40,264
Sevenoaks	£540,600	7.9%	£39,577
Waverley	£572,700	7.2%	£38,517
Cotswold	£444,100	9.3%	£37,627
Chiltern	£651,200	6.1%	£37,442
Christchurch	£416,000	9.7%	£36,924
Richmond upon Thames	£771,600	5.0%	£36,906
St Albans	£630,700	6.2%	£36,639