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 |
