Average House Piice Figures


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The latest figures from Land Registry show that all regions experienced a positive monthly change in their average property values. The July increase of 1.7 per cent in England and Wales is the strongest monthly growth since July 2004 and the third month in a row with a positive movement. The annual drop of 11.7 per cent takes the average house price to £155,885.

Wales experienced the greatest monthly rise with a movement of 3.1 per cent and an average property value of £123,122. All regions experienced a decrease in their average property values over the last 12 months. The region with the most significant annual price fall was the North East with a movement of -13.2 per cent.

Luton experienced the greatest annual price fall with a drop of 22.5 per cent.

The most up-to-date figures available show that during May 2009 the number of completed house sales in England and Wales fell by 34 per cent to 42,699 from 65,023 in May 2008.

Tables

Region

Monthly change (%)

Annual change (%)

Average price (£)

Wales

3.1

-8.3

123,122

North East

2.3

-13.2

109,776

North West

1.9

-11.9

116,794

West Midlands

1.8

-10.2

131,244

East

1.8

-12.0

163,883

England and
Wales

1.7

-11.7

155,885

London

1.6

-10.2

306,963

East Midlands

1.6

-12.1

122,870

South West

1.4

-11.3

165,720

South East

1.2

-12.1

193,239

Yorkshire & The Humber

0.9

-12.8

122,555

 

Average prices by property type (England and Wales)

July 2009

July 2008

Difference (%)

Detached

£240,249

£267,460

-10.2

Semi-detached

£147,441

£166,237

-11.3

Terraced

£120,213

£138,002

-12.9

Flat/maisonette

£145,147

£166,234

-12.7

All

£155,885

£176,559

-11.7

 

Month

Sales 2008 (England and Wales)

Sales 2007 (England and Wales)

Difference
(%)

Jan

57,854

87,686

-34

Feb

61,623

86,788

-29

Mar

57,938

106,151

-45

Apr

62,387

95,272

-35

May

65,023

108,042

-40

Jun

58,619

123,385

-52

Jul

52,581

116,817

-55

Aug

48,064

124,567

-61

Sep

41,222

98,087

-58

Oct

44,448

102,597

-57

Nov

35,941

100,731

-64

Dec

39,045

81,299

-52

 

Month

Sales 2009 (England and Wales)

Sales 2008 (England and Wales)

Difference
(%)

January

26,392

57,854

-54

February

27,247

61,623

-56

March

35,577

57,938

-39

April

37,868

62,387

-39

May

42,699

65,023

-34

Land Registry’s House Price Index is published on the twentieth working day of each month. The August index will be published at www1.landregistry.gov.uk/houseprices at 11:00 hours on Monday 28 September 2009. Online property valuations

© Housing Market News by The House Shop

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