UK House Prices Snapshot

by | Feb 18, 2021

Official UK house prices for December 2020 were released by the Office for National Statistics (ONS) yesterday. The data shows prices across the country rose 8.5% in 2020. This represents the strongest growth in over 10 years and a stronger performance than other, previously released data had shown (Nationwide 7.3%, Halifax 5.8% and Rightmove 6.6%).

UK House Prices Comparison 2020

Five UK regions showed growth in excess of 10% for the year — the North West (+11.2%), Wales (+10.7%), the East Midlands (+10.6%), Yorkshire and the Humber (+10.4%) and the South West (+10.2%). London showed the weakest growth (+3.5%), as the pandemic drove higher “demand for space” outside the capital.

UK house prices increased +1.2% month-on-month in December. Notably, prices in England’s regional markets were +1.9% month-on-month, while London showed a -1.1% decline.

UK House Prices December 2020

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