How Have Prices Changed In Your Region?

Posted on: 15 February 2018

How Have Prices Changed In Your Region?

The latest index from the Office of National Statistics has revealed the changes in property values for each region of the UK in 2017.

There are positive signs for homeowners in the UK as all regions saw an increase in house prices in the 12 months leading up to November 2017.

The West Midlands region saw the largest growth in the UK, with a substantial rise of 7.2% across the year, taking the average house price in the area to £192,119. Not too far behind, showing similar figures was the East Midlands region where properties saw an increase in value of 6.4% and reaching £185,047.

Joint for 3rd place the property price table, were the North and South West regions, both showing a rise in values of 6.2% taking the average prices to £159,066 and £251,923 respectively.

When comparing the individual countries, Northern Ireland came out on top, seeing a jump in house prices by 6.0% across the year and the average price of a home now stands at £132,169.

England showed growth of 5.3% (£242,339), Wales recorded a rise of 4.5% (£152,885) and Scotland has the smallest, but still a positive change of 3.6% (£145,992).

The data also revealed just how much prices had changed depending on property type and it appears that homes more suited for first-time buyers such as semi-detached and terraced saw the largest growth with prices up 5.8% (£213,002) and 5.6% (£182,738) respectively. 

The full table can be found below.

Share:


Recent Articles

4 May 2025

Blooming Beautiful: How Hanging Baskets Can Boost Your Kerb Appeal This Spring

As spring arrives, it’s time to shake off the dullness of winter and breathe new life into your home’s exterior. One of the easiest and most effective ways to enhance your kerb appeal is with hanging baskets. Bursting with colour and charm, they instantly brighten doorways,...

2 May 2025

Record-Breaking House Prices: Why Now Is A Brilliant Time To Sell

House prices reach a new high, making it an ideal time for sellers. April brought a wave of optimism to the UK housing market, with the average asking price for a home hitting a record high of just over £377,000. This 1.4% monthly increase, equating to a rise of £5,312,...

1 May 2025

Will The Bank Of England Lower The Base Rate To 4.25% On 8th May?

The possibility of a reduction in the Bank of England’s base rate to 4.25% during the upcoming May meeting has generated significant excitement among homeowners, buyers, and property professionals alike. If this anticipated move materialises, it could mark a turning point in the...

Get an instant online valuation

Find out how much your property is worth