On average, house prices have risen 0.7% since September 2020

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In England the October data shows, on average, house prices have risen by 0.6% since September 2020. The annual price rise of 5.4% takes the average property value to £262,175.

UK house prices increased by 5.4% in the year to October 2020, up from 4.3% in September 2020. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.7% between September and October 2020, compared with a fall of 0.3% during the same period a year earlier (September and October 2019).

The UK Property Transactions Statistics showed that in October 2020, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 105,630. This is 8.1% higher than a year ago. Between September and October 2020, UK transactions increased by 9.8% on a seasonally adjusted basis.

House price growth was strongest in Scotland where prices increased by 6% in the year to October 2020, up from 4% in the year to September 2020. The lowest annual growth was in the East of England, where prices increased by 3.4% in the year to October 2020, down from 4% in the year to September 2020.

Price change by region for England

Region Average price October 2020 Annual change % since October 2019 Monthly change % since September 2020
East Midlands £207,605 6.6 1.9
East of England £300,744 3.4 -0.9
London £490,936 3.9 -1.2
North East £136,281 5.4 -0.3
North West £177,796 6.6 1.2
South East £337,412 4.7 0.4
South West £274,319 6.1 0.4
West Midlands £210,637 5.3 0.9
Yorkshire and the Humber £177,115 6.6 2.4

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