News

UK Property Market Update: House Price Inflation Cools Down a Little

A current overview of the UK property market, which sees house prices begin to cool down a little in April.

April Price Update

RegionMar. Av. priceMonthly change12 month
England£268,380-1.9%+8.9%
London£491,687-2%+3.3%
City of Westminster£918,858-8.9%-11.1%
Kensington and Chelsea£1,129,971-6.1%-16.7%
Land registry data (UK HPI)
  • England house prices grew by 8.9% in the year to April 2021, down from 9.8% in March 2021.
  • The North East was the fastest growing region with annual growth of 16.9% in the year to April 2021. 
  • In London, average house prices increased by 3.3% in the year to April 2021, down from an increase of 4.0% in March 2021.
  • Comparing the provisional volume estimate for February 2020 with the provisional estimate for February 2021, volume transactions increased by 31.7% in England.
  • Across England, semi-detached houses showed the biggest increase out of all property types, growing by 10.3% in the year to April 2021 to £256,000. 
  • The lowest annual change was in flats and maisonettes which increased by 4.7% in the year to April 2021 to £230,000.
  • In April 2021, the most expensive borough to purchase a property was Kensington and Chelsea, where the average cost was £1.1 million. 
  • In contrast, the cheapest area to purchase a property was Burnley, where the average cost was £106,000.

If you would like to discuss any of the matters covered in this article, please contact Burlingtons Real Estate‘s Nicholas Portelli or write to us.

Scroll to Top