Area type
Country
Population
59,641,829
Average detached price
£500,097
Average semi-detached price
£295,917
Average terraced price
£277,427
Average flat price
£286,583
View trend
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The average property price paid in England and Wales is £335,417 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 and Wales fell by £17,893. Compare house prices by area
Average property prices in England and Wales fell by 5.1% 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 and Wales continue to rise by 3.7% a year, the average property price will be £387,779 in 2025.
The most expensive property prices in England and Wales are found in England, and the cheapest property prices are found in Wales.
There were 646,694 property sales in England and Wales in the year ending June 2022, a decrease of 152,477 when compared to the previous year.
The average price for a house in England and Wales ranges from £277,427 for a terraced house to £500,097 for a detached house, with semi-detached in between costing on average £295,917.
The average price for a flat or maisonette in England and Wales is £286,583.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in England and Wales, 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 52.2% from £328,562 to £500,097, semi-detached house prices have risen 48.2% from £199,706 to £295,917, terraced house prices have risen 44.0% from £192,641 to £277,427, and flat prices have risen 26.7% from £226,267 to £286,583.
The most common type of property sold in England and Wales during the year ending June 2022 was terraced houses, which accounted for 31.7% of properties.
The least commonly available type of property sold in England and Wales were flats, which account for 17.3% of properties sold.
Of the properties sold in England and Wales during 2022, 1.6% were new build properties.
The average premium for a new build property in England and Wales was £44,491 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 and Wales
England and Wales Crime
England and Wales population
The most common price band for property sales in England and Wales is £150k - £200k, which accounted for 19.4% of properties sold in 2022.
1.7% of properties in England and Wales had a price over £1 million.
The cheapest properties in England and Wales were in the under £50k price bracket, accounting for 3.2% of sales.
The cheapest property prices in England and Wales are found in Wales, where the average cost of a property is £220,921. Between the years ending June 2021 and June 2022, property prices have changed by 2.4% in Wales (compared to -5.1% in England and Wales)
Rank | Area | Average property price | YoY change in price |
|---|---|---|---|
| 1 | Wales Country | £220,921 | 2.4% |
| 2 | England Country | £342,297 | -4.9% |
The most expensive property prices in England and Wales are found in England, where the average property price is £342,297. Between the years ending June 2021 and June 2022, property prices have changed by -4.9% in England (compared to -5.1% in England and Wales)
Rank | Area | Average Property Price | YoY CHANGE in PRICE |
|---|---|---|---|
| 1 | England Country | £342,297 | -4.9% |
| 2 | Wales Country | £220,921 | 2.4% |
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