In England the January data shows, on average, house prices have risen by 0.1% since December 2021.
Note from HM Land Registry:
‘Since March 2020 all those involved in the property market have been impacted by the effects of coronavirus (COVID-19); HM Land Registry is no different and as a result, this release of the UK House Price index is not as complete as it could be.
The data is accurate. However, this release may be subject to increased revisions as we add more data over the coming months. See Reducing delays for more information.’
The annual price rise of 9.4% takes the average property value to £291,560.
The regional data for England indicates that:
- the East Midlands experienced the greatest increase in its average property value over the last 12 months with a movement of 11.6%
- the East Midlands experienced the greatest monthly growth with an increase of 1.8%
- London saw the lowest annual price growth with an increase of 2.2%
- London saw the most significant monthly price fall with a movement of -1.8%