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Blog

House Prices

UK house price and market insights based on up to date sold prices. Search below for additional insights into your local area.

Is it a good time to sell my house?

Right now, it’s a good time to sell a house in the UK. House prices are growing at over 5% in many areas.

At the moment it’s taking around 1 weeks for homesellers to reach the ‘sold subject to contract’ stage. This is a bit quicker than normal for this time of year.

AVERAGE HOUSE PRICE

£418,735

AVG SELLING TIME

1 weeks

1525 weeks faster

NEW LISTINGS THIS YEAR

6911

-7% more listings

BUYERS INTEREST

-21%

Are houses selling?

This month has seen more properties being sold subject to contract than usual for this time of year. This metric is a great high-level indicator of how healthy the property market is. The more sales agreed, the more active and fast-paced the market.

Highest priced homes: the most expensive places to buy property in the UK

Homes in the UK cost an average of £418.74k, but in some areas property prices can be double this.

Predictably, London consistently takes the top spot as the most expensive place to buy a house in the UK. Purchasing a home in the London Borough of Mayfair will set you back an average of £3.29M.

Outside of London, Virginia Water comes a close second in the list of most expensive areas to purchase a home. House prices here average £2.55M.

Area name	Average house price
Virginia Water	£2,549,316
Weybridge	£1,507,165
Beaconsfield	£1,380,394
Radlett	£1,342,068
Cobham	£1,309,271
Chalfont St Giles	£1,254,830
Ascot	£1,178,801
Windlesham	£1,157,943
Hartfield	£1,082,111
Gerrards Cross	£1,030,080

Where has property increased the most in value?

Homeowners in Badminton have seen the largest return on their investment in the last year. Properties here are selling for an average of £889.22k. That’s a 74% growth in property value in 12 months.

Homeowners in Cornhill-on-tweed have also seen significant returns on investment. Homes here are selling for 73% more than this time last year.

How long does it take to sell a house?

The amount of time between a house going onto the market, and being ‘sold subject to contract’ averages 22 weeks in the UK. If your sale is taking significantly longer than the average for your area or property type, it’s time to consider making some changes. Selling quickly starts with the right estate agent. Explore your options here.