market
UK house price index since 1995: how much have prices risen in every region?
UK house price index since 1995 by region: London up 6.9 times, the North East 4.2 times, with implied 1995 prices and yearly growth to August 2026.
- 4 min read
- Last reviewed 4 November 2026
- By Your Property Check team
Key answer
Part 1 of 8
The headline
General information, not advice. The UK House Price Index (UK HPI) is produced by HM Land Registry, the Office for National Statistics, Registers of Scotland and Land and Property Services Northern Ireland. GOV.UK says it covers England and Wales since January 1995. We compared the index for January 1995 with August 2026, the latest month in the data file we hold (the GOV.UK collection page shows August 2026 data published on 21 October 2026, with September due on 18 November 2026). We read the GOV.UK pages on 4 November 2026.
Part 2 of 8
What the index is
The UK HPI is an index, so it tracks the movement of prices rather than reporting each sale. GOV.UK says that in the data tables the index is set to 100 at January 2023. The standard average price starts from the geometric mean price in a base period and is adjusted using the index's changes, backward and forward in time. The geometric mean gives less weight to very high-value properties than the arithmetic mean does. That is why a ratio of index values can be read as a ratio of average prices.
Part 3 of 8
House prices since 1995 by region
| Region | Implied average price, Jan 1995 | Average price, Aug 2026 | Multiple | Annualised growth |
|---|---|---|---|---|
| London | £80,000 | £554,430 | 6.9 | 6.3% |
| East of England | £56,000 | £337,848 | 6.0 | 5.8% |
| South East | £64,000 | £379,953 | 5.9 | 5.8% |
| England | £50,000 | £293,525 | 5.8 | 5.7% |
| South West | £53,000 | £304,139 | 5.8 | 5.7% |
| East Midlands | £44,000 | £241,955 | 5.5 | 5.6% |
| West Midlands | £46,000 | £250,731 | 5.4 | 5.5% |
| North West | £41,000 | £220,393 | 5.4 | 5.5% |
| Wales | £41,000 | £216,363 | 5.3 | 5.4% |
| Yorkshire and The Humber | £42,000 | £209,266 | 5.0 | 5.2% |
| North East | £40,000 | £165,640 | 4.2 | 4.6% |
Part 4 of 8
How we worked it out
- Multiple: the index for August 2026 divided by the index for January 1995, for the same area.
- Annualised growth: the compound yearly rate that gives that multiple over 31 years and 7 months.
- Implied average price in 1995: today's average price divided by the multiple, rounded to the nearest £1,000. GOV.UK explains that UK HPI average prices start from a base-period figure and are moved backward and forward using the index, so this is the same relationship, not a separate 1995 survey.
- Rounding: the index is published to one decimal place, so the earliest values carry a small rounding effect. Treat the 1995 prices as approximate.
Part 5 of 8
What stands out
- London leads by a wide margin. Its multiple of 6.9 compares with 5.8 for England as a whole. The implied London price in 1995 (£80,000) was already the highest.
- The South East and East of England are next. Both are close to 6 times.
- The North East is lowest. Its 4.2 times is the lowest, well below Yorkshire and The Humber at 5.0.
- The middle of the table is tightly packed. The East Midlands, West Midlands, North West and Wales sit between 5.3 and 5.5 times.
- Starting prices differ more than growth does. Implied 1995 prices span £40,000 to £80,000, a factor of 2, while August 2026 prices span £165,640 to £554,430, a factor of about 3.3.
Part 6 of 8
Past growth is not a forecast
These multiples describe the past 31 years, including the sharp rises and falls in between. They say nothing certain about the next year. For the latest 12-month movement, the same data file shows London at -2.2%, the South East at -0.8%, the North East at +3.2% and Wales at +3.1% for August 2026, so the order of recent movement differs from the long-run order. Our where prices are falling page tracks this.
Part 7 of 8
Limits
- Averages, not your home. A regional average blends flats, terraces and detached homes, and the mix differs by region.
- Inflation is not removed. We did not use an inflation series, so the multiples are in money terms. We make no claim about growth after inflation.
- Scotland and Northern Ireland are not shown. They are in the UK HPI from later start dates, according to GOV.UK, and are not in the series used here.
Part 8 of 8
Next steps
To see what homes near you actually sold for, use our sold prices tool and read how Land Registry price paid data works. For an estimate of one home with its range, try our house value check, and see how to find out how much your house is worth.
Our take
Past growth tells you about the past only
Our view: the long-run multiples are interesting but easily misread. London is 6.9 times its January 1995 level and the North East 4.2 times, yet in the latest 12 months London is down 2.2% and the North East up 3.2%. A regional average also hides the street you care about, and we removed no inflation.
What Your Property Check adds: our sold prices tool shows what homes near a postcode really sold for, and the house value check turns real HM Land Registry sales into an honest range for one address, with the working shown.
Our opinion, drawn from the facts on this page: not advice and not a forecast. We earn from OfferCheck reports and from introducing sellers to cash buyers, so weigh it with that in mind (see our disclosure). We are not authorised or regulated by the FCA.
Questions, answered
Frequently asked questions
How much have house prices gone up since 1995?
Which region has risen most since 1995?
Which region has risen least since 1995?
What was the average house price in 1995?
Have prices beaten inflation?
Where this comes from
Sources
Last reviewed 4 November 2026 by the Your Property Check team. This page is general information, not legal, tax or financial advice. For your own situation, speak to a conveyancing solicitor or another qualified professional.