UK house prices grew by 4.5% in the year to October 2017, experiencing a 0.3 percentage point decrease from the previous month, according to HM Land Registry Data
The average price of a property in the UK was £223,807,
The slowest annual growth was in London at 2.1%, down from 2.9% in September 2017. This is the 11th consecutive month where the growth in London house prices has remained below the UK average, thanks to Brexit.
Average price by country and government office region in Oct 17
Price, monthly change and annual change by country and government office region
| Country and government office region | Price | Monthly change | Annual change |
|---|---|---|---|
| England | £240,860 | -0.6% | 4.7% |
| Northern Ireland (Quarter 3 – 2017) | £132,169 | 3.0% | 6.0% |
| Scotland | £143,544 | -0.7% | 2.8% |
| Wales | £153,316 | 0.8% | 4.5% |
| East Midlands | £184,544 | 0.2% | 7.0% |
| East of England | £289,168 | 0.1% | 6.1% |
| London | £481,102 | -0.9% | 2.1% |
| North East | £127,224 | -0.1% | 2.4% |
| North West | £154,056 | -2.0% | 3.9% |
| South East | £322,311 | -0.5% | 4.6% |
| South West | £251,376 | 0.2% | 6.7% |
| West Midlands Region | £186,351 | -1.1% | 5.2% |
| Yorkshire and The Humber | £155,281 | -1.1% | 3.3% |
Average monthly price by property type
| Property type | October 2017 | October 2016 | Difference |
|---|---|---|---|
| Detached | £340,996 | £323,441 | 5.4% |
| Semi-detached | £211,014 | £200,703 | 5.1% |
| Terraced | £179,327 | £172,619 | 3.9% |
| Flat or maisonette | £201,527 | £194,540 | 3.6% |
| All | £223,807 | £214,107 | 4.5% |