AVERAGE HOUSE PRICES
Office for National Statistics â€“ February 2016
UK Average = Â£284k, up 7.6% over the year,Â a 0.4% increase over the month
Excluding London and the South East: Â Average = Â£216k, up 5.0% over the year.
Land Registry â€“ March 2016
Average for England and Wales = Â£189,901, down 0.5% in the month, up 6.7% over the year.
Halifax â€“ March 2016
UK Average = Â£214,811, up 2.6% in the month, up 2.9% in the quarter, up 10.1% in the year.
Nationwide â€“ April 2016
UK average = Â£202,436, up 0.2% in the month, up 4.9% in the year.
Rightmove â€“ 13th March to 9th April 2016
UK average = Â£307,033, up 1.3% in the period, up 7.3% in the year.
LSL / Acadata – March 2016
Average England and Wales = Â£291,650, up 0.6% from last month, up 6.9% in the year.
Excluding London and the South East: up 5.1% in the year.
REGIONAL HOUSE PRICES
Office for National Statistics – February 2016
England average = Â£298k, up 8.2% over the year.
Wales average = Â£173k, up 2.8% over the year.
Scotland average = Â£189k, down 0.8% over the year.
Northern Ireland average = Â£157k, up 2.4% over the year.
|Rightmove regional figures|
|13th March to 9th April â€˜16||Average price||Monthly change||Annual change|
|East of England||Â£331,780||+1.5%||+10.8%|
|Yorkshire & Humberside||Â£174,585||+0.4%||+2.5%|
|Land Registry regional figures|
|March 2016||Average price||Monthly change||Annual change|
|Yorkshire & Humberside||Â£121,841||-2.6%||+1.6%|
FOCUS ON LONDON
|Â||Average Price||Monthly change||Annual change|
|Largest changes according to:|
|Rightmove (13th Mar to 9th April â€˜16)|
|Barking and Dagenham||Â£302,347||[+1.6%]||+23.0%|
|Kensington and Chelsea||Â£2,244,739||[-4.5%]||-12.8%|
|LSL Acadata (Feb â€™16):|
|City of Westminster||Â£1,245,836||-4.2%||-10.6%|
|Land Registry Mar â€˜16):|
|Hammersmith and Fulham||Â£832,590||-1.3%||[+5.7%]|
|Kensington and Chelsea||Â£1,380,076||[-0.9%]||+4.2%|
[Figures in bold are the top and bottom of the scale, figures in square brackets are for information only]
Figures exclude the City of London, due to small number of transactions.
RICS Survey Overview.
The RICS Residential Market Survey for March 2016 (published 14th April 2016) says that “Agreed sales improved for the fourth month in successionâ€ and that â€œNational house prices have now risen continuously for an entire three year periodâ€.
The North West saw the largest price increases over the month, whilst London saw the smallest.
East Anglia had the highest positive level of new buyer enquiries in the month, whilst London, and the South East to a very small extent, saw the only negative levels.
The highest level of new vendor instructions was the North West, whereas the lowest were in the South East.
The North had the highest level of newly agreed sales, whereas London and Yorkshire & Humberside saw the lowest.
Source: Royal Institution of Chartered Surveyors
Rightmove.co.uk is the UKâ€™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 Â£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. Â© 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 June 2016.
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