A new study has revealed that the UK average house price has risen by 231.1% since 2000, with this rise equating to 69.4% when accounting for inflation.
The study by consumer finance guide Låneguiden.se analysed data from the HM Land Registry UK House Price Index, comparing average house prices in every local authority in England and Wales inJune 2000 and June 2026. The average prices across UK regions were also analysed. This identified the percentage difference in prices, which is known as the “nominal change” in the study.
The “real change” was also calculated after deflating by the Consumer Price Index (CPI). This indicates the price increase when accounting for inflation.
Table: UK regions ranked by average house price increases (2000-26)
Rank | Region or country | Average price | Average price | Nominal change | Real change |
| 1 | North West | £49,743 | £219,922 | 342.1% | 126.2% |
| 2 | Wales | £50,597 | £213,162 | 321.3% | 115.5% |
| 3 | Yorkshire and The Humber | £50,465 | £207,948 | 312.1% | 110.8% |
| 4 | East Midlands | £60,111 | £240,457 | 300.0% | 104.6% |
| 5 | Scotland | £49,442 | £195,355 | 295.1% | 102.1% |
| 6 | West Midlands Region | £65,275 | £250,941 | 284.4% | 96.7% |
| 7 | England | £76,729 | £293,262 | 282.2% | 95.5% |
| 8 | East of England | £90,619 | £338,707 | 273.8% | 91.2% |
| 9 | London | £153,669 | £553,870 | 260.4% | 84.4% |
| 10 | North East | £46,362 | £165,550 | 257.1% | 82.7% |
| 11 | South West | £86,291 | £304,562 | 252.9% | 80.6% |
| 12 | South East | £116,512 | £380,380 | 226.5% | 67.0% |
| 13 | Northern Ireland | £64,292 | £202,487 | 214.9% | 61.1% |
| United Kingdom | £82,197 | £272,188 | 231.1% | 69.4% |
England and Wales local authority areas with the highest house price increase:
According to the analysis, Manchester house prices had the steepest climb in England and Wales since the start of the century. In June 2000, the average house price in Manchester was £41,071, and in June 2026, the average was £251,250. This is a nominal change of 511.7% and a real change of 213%when considering inflation.
Salford ranks second with a nominal change of 449.8% (181.2% with CPI). This is based on average prices rising from £42,180 to £231,890 over the 26 years.
Oldham ranks third, with the study identifying that house prices in the area grew by a nominal change of 426.5% (169.3% with CPI) when comparing 2000 and 2026 prices.
Fourth is Bolsover, Derbyshire, where house prices have risen from £37,493 in June 2000 to £188,025 in June 2026. This is a nominal change of 401.5% (156.6% with CPI).
Rhondda Cynon Taf ranks fifth overall and tops the list in Wales as the area with the highest house price increase. The nominal change was calculated as 393.3% (152.4% with CPI), rising from £33,964 to £167,559 over 26 years.
England and Wales local authority areas with the lowest house price increase:
In contrast, the average house price in Surrey Heath had a nominal change of 178.3% between June 2000 and June 2026. This equals a real change of 42.4% when deflated by CPI. This is the lowest increase in England and Wales and is around a quarter lower than the average.
Also in Surrey, Tandridge (180.2% nominal change), Woking (188.1% nominal change), and Guildford(191.2% nominal change) rank among the ten local authority areas with the lowest house price increases.
Greater London local authority areas, Tower Hamlets (184.7% nominal change) and Hammersmith and Fulham(184.9% nominal change) also place among areas with the lowest price increases.
Jakob Thorselius, Editor of Låneguiden.se, commented:
“The average UK house price has risen around 3.3 times in the first quarter of the 21st century, and with inflation figures not keeping in line, the figures depict the challenges homebuyers face in today’s market.
“Interestingly, among local authority areas in England and Wales, our findings revealed that it is North West areas that have seen the greatest increases, while the South East has seen the lowest. This somewhat turns the assumption on its head that the North is more affordable. While prices are lower in many top-ranking areas, the rate at which prices are increasing is almost triple in some locations.”
