UK House Price Index, March 2017 - PwC comments

Published at 10:06 AM on 21 March 2017

Downward revisions point to less buoyant housing market in advance of Article 50

The first official ONS and Land Registry house price figures for 2017 show that average UK house price inflation was 6.2% in the year to January, from a downwardly revised 5.7% in December (initially reported as 7.2% last month).

 Commenting on the UK House Price Index, Richard Snook, senior economist at PwC, said:

“Whilst 6% growth remains healthy, the significant downward revision to both the November and December figures portray a less buoyant market than previously thought. With the triggering of Article 50 now confirmed for March 29, we may be beginning to see the signs of the Brexit related slowdown that we anticipated last year.

“We expect house price growth for 2017 to be between 2% and 5%, which means a further slowing of prices over the next twelve months.

“The regional data, which can be volatile when viewed as a single month, shows the strongest performance was in London. Average prices jumped from £477,000 in December to £491,000 in January. The South East and East Anglia are also amongst the strongest regions with annual growth of 8.7% and 9.4% respectively."



For further information please contact Tilly Parke: [email protected] / +44 20 7804 8761


About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details. © 2016 PwC. All rights reserved

« PwC unlocks the value of St Giles Trust Peer to the Future re-offending model | Homepage | UK Inflation, March 2017 - PwC comments »

  • Contact us
  • +44 (0) 20 7213 1768

Specific and out of hours contacts