AVERAGE HOUSE PRICES
Office for National Statistics – April 2015
UK Average = £271k, up 5.5% over the year, a 1.3% decrease over the month
Excluding London and the South East: Average = £208k, up 5.0% over the year.
Land Registry – May 2015
Average for England and Wales = £179,696, unchanged in the month, up 4.6% over the year.
Halifax – May 2015
UK Average = £196,067, down 0.1% in the month, up 2.0% in the quarter, up 8.6% in the year.
Nationwide – June 2015
UK average = £195,055, down 0.2% in the month, up 3.3% in the year.
Rightmove –10th May to 6th June 2015
UK average = £294,351, up 3.0% in the period, up 4.5% in the year.
LSL / Acadata – April 2015
Average England and Wales = £277,178, up 0.4% from last month, up 4.5% in the year.
Excluding London and the South East: up 4.4% in the year.
REGIONAL HOUSE PRICES
Office for National Statistics – March 2015
England average = £284k, up 5.8% over the year.
Wales average = £169k, up 1.3% over the year.
Scotland average = £191k, up 2.2% over the year.
Northern Ireland average = £147k, up 8.8% over the year.
|10th May to 6th June 2015||Average price||Monthly change||Annual change|
|Rightmove regional figures|
|East of England||£309,407||+1.9%||+6.9%|
|Yorkshire & Humberside||£173,844||+2.2%||+3.5%|
|May 2015||Average price||Monthly change||Annual change|
|Land Registry regional figures|
|Yorkshire & Humberside||£121,189||-0.6%||+1.1%|
FOCUS ON LONDON
|Average Price||Monthly change||Annual change|
|Largest changes according to:|
|Rightmove (10th May to 6th June 2015)|
|Kensington & Chelsea||£2,467,876||+24.6%||[+5.1%]|
|LSL Acadata (May ’15):|
|City of Westminster||£1,256,016||-4.2%||[-3.8%[|
|Hammersmith & Fulham||£930,888||[+1.1%]||+18.7%|
|Kensington & Chelsea||£1,704,768||[-2.8%]||-6.0%|
|Land Registry (May ’15):|
|Kensington & Chelsea||£1,364,033||+2.4%||[+5.6%]|
|City of Westminster||£967,400||[-0.4%]||+2.7%|
[Figures in bold are the top and bottom of the scale, figures in square brackets are for information only]
RICS Survey Overview.
The RICS Residential Market Survey for May 2015 (published 11th June 2015) says that “Buyer demand increases at fastest pace since April 2014”, while “New instructions continue to fall”.
The North West once again saw the largest price increases over the month, followed closely by Northern Ireland, whilst Wales and the North saw the only decreases.
The South West had the highest level of newly agreed sales, whereas the North West saw the largest falls.
The North once again had the highest positive levels of enquiries in the month whereas Walkes and South East saw the only drops.
Same as last month, the highest level of vendor instructions was in Scotland, whereas the lowest was in Yorkshire & Humberside – although London wasn’t far behind.
Source: Royal Institution of Chartered Surveyors
Rightmove.co.uk is the UK’s leading property website, displaying details of homes for sale or rent to the largest online audience. It is consistently ranked the number one property website in the UK (source: Experian Hitwise). It has around 90% of all properties for sale and at any time displays a stock of over one million properties to buy or rent, worth around £270 billion. The Rightmove.co.uk site attracts over 90 million visits from home movers each month who view in excess of one billion pages (Rightmove data, October 2014).
LSL Acad E&W HPI is derived from Land Registry (LR) house price data, seasonally and mix adjusted by property type. © Crown copyright material reproduced with the permission of Land Registry. The prices are smoothed to show underlying trends. LSL Acad E&W HPI includes cash purchase prices and is the only index based upon the complete, factual house price data for England & Wales, as opposed to a sample.
The Office for National Statistics (ONS) House Price Index (HPI), previously published by the Department for Communities and Local Government (DCLG), is a monthly release that publishes figures for mix-adjusted average house prices and house price indices for the UK, its component countries and regions. The index is calculated using mortgage financed transactions that are collected via the Regulated Mortgage Survey by the Council of Mortgage Lenders.
Next Monthly Market Fact File due in August 2015.