Strongest annual house price growth in December since 2002

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Strongest annual house price growth in December since 2002

We take a look at house price growth over the last 20 years

The UK recorded average house price growth of 10.8% in 2021. This is the strongest annual growth at the year end since 2002.
The average price of a UK home now stands at £274,712, marking another record high. House prices increased by £23,407 over the course of 2021.
Annual increases in house prices were seen in all regions of the UK. The South West experienced the biggest increase (13.6%), followed by Wales (13%).
Detached (15.3%) and semi-detached (11.1%) homes recorded above annual growth in a market continuing to be driven by equity and a desire for more space.
Source: Dataloft, ONS, UK HPI

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