October 2022 includes new build transactions from September and October 2022 September 2022 includes new build transactions from August and September 2022 So, to address this, we have pooled new build transactions for certain months in England and Wales, which means that: The processing of new build properties has been more affected than the processing of "old build" properties. As a result, we receive more transactions than those immediately seen in the published HMLR's Price Paid Data datasets. We have temporarily changed the date we receive the transaction data from HMLR. This means that initial transaction numbers may be lower than pre-coronavirus (COVID-19) pandemic volumes however, in the medium to long term, this will lead to higher volumes being processed. HMLR has increased the use of automation in application processing. More information regarding the new governance following the UK's exit from the EU is available in our UK House Price Index: August 2022 bulletin. Economic statistics governance after EU Exit The reports contain full details, including commentary, historical data tables and analytical tools. HMLR publishes the UK House Price Index reports on GOV.UK (at 9:30am, ). The UK House Price Index (HPI) is a joint production by HM Land Registry (HMLR), Registers of Scotland, Land and Property Services Northern Ireland, and the Office for National Statistics (ONS). Northern Ireland remains the cheapest country in the UK in which to purchase a property, with the average house price at £172,000. The average house price in Northern Ireland increased by 5.0% over the year to Quarter 1 (Jan to Mar) 2023. The average house price in Wales was £214,000 in March 2023. The average house price in Wales increased by 4.8% over the 12 months to March 2023, down from an increase of 6.4% in the 12 months to February 2023. The average house price in Scotland was £185,000 in March 2023. The average house price in Scotland increased by 3.0% over the 12 months to March 2023, up from an increase of 2.8% in the 12 months to February 2023. The average house price in England was £304,000 in March 2023. The average house price in England increased by 4.1% over the 12 months to March 2023, down from an increase of 6.2% in the 12 months to February 2023. View further information on Northern Ireland HPI publications and future release schedules can be viewed.ĭownload this chart Figure 3: England house prices remain the highest in the UK Image.
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