• Annual house prices rise 5.0%
  • Quarterly house prices rise 4.2%
  • Monthly house prices rise 1.1%
  • Average house price now £236,619

House prices in the three months to April were 5% higher than the same period last year, according to the latest data from the Halifax.

In the latest quarter (February to April) house prices were 4.2% higher than in the preceding three months, taking the average house price to £236,619. On a monthly basis, house prices rose by 1.1% in April, following a fall of 1.25% in March.

10 years since the housing market low point

April 2009 was the low point following the 2008 financial crash, when average house prices were £154,663. Since that date house prices have increased by £81,956, a 4.3% average annual increase.

Monthly home sales remain steady

101,830 home were sold in March, close to the 5 year average of 100,959 and 2.8% above the previous 12 month average, according to the latest figures from HMRC.

Mortgage approvals fall

Mortgage approvals fell from February to March below the 12 month and 5 year averages. Bank of England figures show the number of mortgages approved fell 4.6% to 62,341.

UK house prices data

PeriodAverage Price £Monthly Change %Quarterly Change %Annual Change %
Apr 2018220,424 -3.22 -0.1 2.2
May224,909 2.03 0.2 1.9
Jun227,027 0.94 -0.6 1.8
Jul229,776 1.21 1.33.3
Aug229,284 -0.21 1.93.7
Sep226,219 -1.34 1.92.5
Oct227,694 0.65 0.21.5
Nov224,860 -1.24 -1.10.3
Dec230,430 2.48 -0.31.3
Jan 2019223,629 -2.95 -0.60.8
Feb236,954 5.96 1.82.8
Mar233,995 -1.25 1.72.6
Apr236,619 1.12 4.25.0

The Halifax House Price Index is the UK’s longest running monthly house price series with data covering the whole country going back to January 1983.