Property prices in United Kingdom

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Find out how property prices are changing in your local area and across the United Kingdom

Latest prices in United Kingdom for Terraced properties

The latest figures show that the average price for a Terraced property in United Kingdom has now reached £229,443 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.

Average prices for a Terraced property have increased substantially over the longer term in United Kingdom. Back in January 1969, prices for this type of property averaged £0 based on sales at the time. Fast forward to January 2024, and averages reached £230,628 - representing a growth of Infinity% over 55 years.

This substantial monumental percentage rise in Terraced property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Terraced homes in United Kingdom over the past 6 decades.

Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.

The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.

Cited from HM Land Registry

Terraced prices in United Kingdom over the last 12 months

DatePrice
Mar 2023£229,445
Apr 2023£230,975
May 2023£232,190
Jun 2023£234,980
Jul 2023£236,716
Aug 2023£238,596
Sep 2023£236,587
Oct 2023£234,777
Nov 2023£232,814
Dec 2023£231,422
Jan 2024£230,628
Feb 2024£229,443

Recent trends for prices in United Kingdom

The latest figures from February 2024 indicate the property market in United Kingdom continues to show rising price trends. Compared to January, 2024, average prices increased by 0.4% to £280,660. On an annual basis, average property prices have decreased -0.2% since 12 months ago.

In terms of sales activity, there were 35262 residential property transactions completed in United Kingdom during February, 2024. Of these purchases, were financed with a mortgage while were all-cash sales. For cash buyers, average prices have changed by % since January, 2024, coming in at around £0. For properties purchased with a mortgage, the average price changed by % since January, 2024, to £0.

Average price in United Kingdom by housing type

Prices last recorded in February, 2024

average

£280,660

detached

£435,398

flat

£227,188

semi-detached

£274,252

terraced

£229,443

Recent purchases in United Kingdom

According to data from HM Land Registry, there were 35262 completed property purchases in the area of United Kingdom in February 2024. Of these sales, were recorded as cash purchases whilst were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by % and the percentage of properties purchased with cash has changed by %.

The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website

Looking for a specific property type?

Use one of the following links to find more specific information about the type of property you're looking for in united-kingdom.

All property prices in united-kingdom

Detached property prices in united-kingdom

Semi-Detached property prices in united-kingdom

Flat & Apartment property prices in united-kingdom

First Time Buyer prices in united-kingdom

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