The average property price paid in England is £342,297 according to property sale data for the year ending June 2022 published by HM Land Registry. Between the years ending June 2021 and June 2022, property prices in England fell by £17,726. Compare house prices by area
Average property prices in England fell by 4.9% between the years ending June 2021 and June 2022. Between the years ending June 2012 and June 2022, property prices on average grew by 3.7% per year.
If prices in England continue to rise by 3.7% a year, the average property price will be £396,371 in 2025.
The most expensive property prices in England are found in London, and the cheapest property prices are found in North East England.
There were 616,671 property sales in England in the year ending June 2022, a decrease of 144,396 when compared to the previous year.
The average price for a house in England ranges from £285,843 for a terraced house to £511,424 for a detached house, with semi-detached in between costing on average £301,584.
The average price for a flat or maisonette in England is £289,996.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in England, detached house prices have risen the most between the years ending 2012 and 2022, and flat prices have grown the least.
Detached house prices have risen 52.6% from £335,056 to £511,424, semi-detached house prices have risen 48.8% from £202,721 to £301,584, terraced house prices have risen 45.1% from £197,023 to £285,843, and flat prices have risen 27.0% from £228,411 to £289,996.
The most common type of property sold in England during the year ending June 2022 was terraced houses, which accounted for 31.1% of properties.
The least commonly available type of property sold in England were flats, which account for 17.7% of properties sold.
Of the properties sold in England during 2022, 1.7% were new build properties.
The average premium for a new build property in England was £39,631 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (38% of new build properties sold). For existing properties, the most common type is terraced houses (31% of existing properties sold).
Rental Market of England
The most common price band for property sales in England is £150k - £200k, which accounted for 19.2% of properties sold in 2022.
1.8% of properties in England had a price over £1 million.
The cheapest properties in England were in the under £50k price bracket, accounting for 3.0% of sales.
The cheapest property prices in England are found in North East England, where the average cost of a property is £173,231. Between the years ending June 2021 and June 2022, property prices have changed by -8.1% in North East England (compared to -4.9% in England)
Average property price
YoY change in price
|1|| North East England |
|2|| Yorkshire and the Humber |
|3|| North West England |
|4|| East Midlands |
|5|| West Midlands |
The most expensive property prices in England are found in London, where the average property price is £705,236. Between the years ending June 2021 and June 2022, property prices have changed by 6.0% in London (compared to -4.9% in England)
Average Property Price
YoY CHANGE in PRICE
|1|| London |
|2|| South East England |
|3|| East England |
|4|| South West England |
|5|| West Midlands |
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2022. Data sources: ONS Local statistics