This morning at 09:30, the May Land Registry (ONS) House Price Index was published. The key points were:
- UK average house prices increased by 10.0% over the year to May 2021, up from 9.6% in April 2021.
- UK average house prices saw a slight monthly increase (0.9%) in the month to May 2021 to £255,000, nearly returning to the record UK average house price seen in March 2021 (£256,000).
- Average house prices increased over the year in England to £271,000 (9.7%), in Wales to £184,000 (13.3%), in Scotland to £171,000 (12.1%) and in Northern Ireland to £149,000 (6.0%).
- London continues to be the region with the lowest annual growth (5.2%) for the sixth consecutive month.