A current overview of the UK property market, which continues to see house prices increase in most regions over the previous 12 months.
March Price Update
|Region||Mar. Av. price||Monthly change||12 month|
|City of Westminster||£927,993||-8.9%||-8.1%|
|Kensington and Chelsea||£1,332,134||+7.9%||-0.4%|
- England house prices grew by 10.2% in the year to March 2021, up from 9.4% in February 2021.
- Yorkshire and The Humber was the fastest-growing region with annual growth of 14.0% in the year to March 2021.
- In London, average house prices increased by 3.7% in the year to March 2021, down from an increase of 4.4% in February 2021.
- Comparing the provisional volume estimate for January 2020 with the provisional estimate for January 2021, volume transactions increased by 5.7% in England.
- Across England, terraced houses showed the biggest increase out of all property types, growing by 12.1% in the year to March 2021 to £226,000.
- In March 2021, the most expensive borough to purchase a property was Kensington and Chelsea, where the average cost was £1.3 million.
- In contrast, the cheapest area to purchase a property was Burnley, where the average cost was £94,000.