Property prices in United Kingdom

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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 £239,524 as of Jul 2024. This value is based upon the average value of completed property transactions in the month of July.

Average prices for a Terraced property have increased substantially over the longer term in United Kingdom. Back in January 2005, prices for this type of property averaged £119,750 based on sales at the time. Fast forward to January 2024, and averages reached £230,064 - representing a growth of 92% over 19 years.

This substantial double-digit 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 2 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

Date	Price
Aug 2023	£238,596
Sep 2023	£236,587
Oct 2023	£234,777
Nov 2023	£232,814
Dec 2023	£231,422
Jan 2024	£230,064
Feb 2024	£230,768
Mar 2024	£230,781
Apr 2024	£233,520
May 2024	£235,109
Jun 2024	£239,087
Jul 2024	£239,524

Recent trends for prices in United Kingdom

The latest figures from July 2024 indicate the property market in United Kingdom continues to show rising price trends. Compared to June, 2024, average prices increased by 0.6% to £289,723. On an annual basis, average property prices have increased 2.2% since 12 months ago.

In terms of sales activity, there were 42319 residential property transactions completed in United Kingdom during July, 2024. Of these purchases, were financed with a mortgage while were all-cash sales. For cash buyers, average prices have changed by % since June, 2024, coming in at around £0. For properties purchased with a mortgage, the average price changed by % since June, 2024, to £0.

Average price in United Kingdom by housing type

Prices last recorded in July, 2024

average

£289,723

detached

£443,180

flat

£235,537

semi-detached

£281,907

terraced

£239,524

Recent purchases in United Kingdom

According to data from HM Land Registry, there were 42319 completed property purchases in the area of United Kingdom in July 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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