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UK house price growth has been remarkably stable over the past eighteen months, averaging c5%. While this is relatively modest by UK standards, it is still well in excess of average wage growth. Indeed, over the past three years, house prices increased by c20% while wages have risen by c6%. As a result, the typical house now costs six times average earnings, up from 5.3 times earnings in 2013.
| | House Price Index Headlines |
| | Average Price (not seasonally adjusted) | | |
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| *Seasonally adjusted figure (note that monthly % changes are revised when seasonal adjustment factors are re-estimated) |
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