Is your home on the up?

🕑 3 minute read

We know things feel uncertain right now and moving house is a big decision.

Whilst house prices have seen increases in the last year, it’s difficult to know if this trend will continue. But, if you’re still planning to move, it can help to know where the largest changes have taken place.

In some areas, prices have risen by nearly three times the national average in the last year. This could be good news if your property price has increased more than another area that you’re interested in moving to.

Regional house price changes, 2020-2021
 

Region

Average House Price 2020

Average House Price 2021

1 year change (£)

1 year change (%)

Region

Wales

Average House Price 2020

202,680

Average House Price 2021

231,134

1 year change (£)

28,454

1 year change (%)

14.0

Region

Yorkshire and Humberside

Average House Price 2020

209,858

Average House Price 2021

231,553

1 year change (£)

21,695

1 year change (%)

10.3

Region

East Midlands

Average House Price 2020

241,453

Average House Price 2021

265,828

1 year change (£)

24,375

1 year change (%)

10.1

Region

East Anglia

Average House Price 2020

294,814

Average House Price 2021

322,604

1 year change (£)

27,790

1 year change (%)

9.4

Region

Scotland

Average House Price 2020

191,017

Average House Price 2021

207,778

1 year change (£)

16,761

1 year change (%)

8.8

Region

North West

Average House Price 2020

223,913

Average House Price 2021

242,286

1 year change (£)

18,373

1 year change (%)

8.2

Region

Northern Ireland

Average House Price 2020

175,528

Average House Price 2021

188,892

1 year change (£)

13,364

1 year change (%)

7.6

Region

South West

Average House Price 2020

306,502

Average House Price 2021

329,110

1 year change (£)

22,608

1 year change (%)

7.4

Region

West Midlands

Average House Price 2020

251,474

Average House Price 2021

266,659

1 year change (£)

15,185

1 year change (%)

6.0

Region

North East

Average House Price 2020

184,678

Average House Price 2021

195,515

1 year change (£)

10,837

1 year change (%)

5.9

Region

South East

Average House Price 2020

408,391

Average House Price 2021

420,042

1 year change (£)

11,651

1 year change (%)

2.9

Region

Greater London

Average House Price 2020

558,272

Average House Price 2021

554,684

1 year change (£)

-3,588

1 year change (%)

-0.6

Region

UK average

Average House Price 2020

304,598

Average House Price 2021

323,355

1 year change (£)

18,757

1 year change (%)

6.2

Source: The prices quoted are taken from the Halifax and Bank of Scotland House Price database and refer to average prices from October 2020 to October 2021.

Whilst it is interesting to see current market trends, it is also important to consider your next steps carefully and make an informed decision, especially if you are looking to move to a new area.

We are here to help make moving less stressful with our essential advice and tips. Please see our handy help hubs for information and advice to help make your home plans happen.

Looking to move?

Take a look at our helpful advice before you plan that next move.

Moving home

Making home improvements?

Check renovation costs or get some inspiration for your next project.

Improvements

How much could you borrow

Use our online calculator to see how much you could borrow. View current interest rates and compare monthly payments.

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