House prices: most expensive and cheapest areas to buy in the UK

Greater London still most costly region as property values fall in Scotland and Wales

Houses for sale
(Image credit: Matt Cardy/Getty Images)

Properties in Greater London cost in excess of £210,000 more on average than homes in the next most expensive UK region despite nationwide price rises over the past year, newly released figures show.

The average asking price in the English capital and surrounding area is £612,465, followed by the South East at £400,150, according to Rightmove’s latest house price index.

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British regional house price changes
Region Avg. price January 2020 Monthly change Annual change
Greater London £612,465 2.1% 3.1%
South East £400,150 1.7% 2.6%
East of England £350,607 2.7% 1.8%
South West £303,373 1.7% 2.1%
West Midlands £230,222 2.6% 4.2%
East Midlands £230,207 1.5% 3.8%
North West £196,537 1.1% 1.7%
Wales £193,106 -0.9% 2.6%
Yorks. & Humber £190,579 0.1% 0.5%
Scotland £149,664 -0.8% 1.6%
North East £148,068 1.3% 1.1%