A current overview of the UK property market, which sees house prices begin to cool down a little in April.
April Price Update
|Region||Mar. Av. price||Monthly change||12 month|
|City of Westminster||£918,858||-8.9%||-11.1%|
|Kensington and Chelsea||£1,129,971||-6.1%||-16.7%|
- 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.