Housing market: Data on house prices, mortgage approvals and house-building.

Download the full report

House prices, as measured by the UK House Price Index, increased by 1.3% between January 2019 and January 2020. On a seasonally adjusted basis house prices decreased by 0.4% between December 2019 and January 2020.

House prices grew at different rates across the UK’s countries and regions over the year to January 2020. House prices grew fastest in Yorkshire & The Humber (3.1%) and West Midlands (2.6%). House prices fell in East of England (-0.6%), South East (-0.5%) and South West (-0.1%).

UK house price index, monthly % change

Bank of England data on the number of mortgages approved to finance house purchases are a leading indicator of house sales. 

Mortgage approvals for house purchases in February 2020 were up 12.5% on a year ago and 3.1% on January 2020. Approvals remain well down on pre-recession levels. There were 73,546  mortgage approvals in February 2020, compared with 65,378  in February 2019.

Mortgage approvals

Housing starts and completions have increased from the lows observed in late 2008 and early 2009.

There were 39,510 house building starts (seasonally adjusted) in England in Q3 2019, a 2% increase compared with the previous quarter, but a 11% decrease compared with the same quarter of 2018. This is above the recent low of 17,170 in Q1 2009, but still below the 48,850 starts in Q1 2007.

There were 46,000 house building completions (seasonally adjusted) in England in Q3 2019, a 2% increase compared with the previous quarter, and a 11% increase compared with the same quarter of 2018. Completions remain below the peak of 48,520 completions in Q1 2007.

Housing starts and completions

Download the full report