AVERAGE HOUSE PRICES
UK House Price Index – April 2016
This report combines the data from the Office for National Statistics and the Land Registry
UK Average = £209,054, up 8.2% over the year, a 0.6% increase over the month
Halifax – May 2016
UK Average = £213,472, up 0.6% in the month, up 1.4% in the quarter, up 9.2% in the year.
Nationwide – June 2016
UK average = £204,968, up 0.2% in the month, up 5.1% in the year.
Rightmove – 8th May to 11th June 2016
UK average = £310,471, up 0.8% in the period, up 5.5% in the year.
LSL / Acadata – May 2016
Average England and Wales = £293,599, down 0.4% from last month, up 6.8% in the year.
Excluding London and the South East: up 5.4% in the year.
REGIONAL HOUSE PRICES
UK House Price Index – April 2016
England average = £224,731, up 0.7% in the month, up 9.1% over the year.
Wales average = £139,385, down 1.9% in the month, up 1.7% over the year.
Scotland average = £138,445, up 1.5% in the month, up 3.3% over the year.
Northern Ireland average = £117,524, down 1.0% in the month, up 5.9% over the year.
|Rightmove regional figures|
|8th May to 11th June ‘16||Average price||Monthly change||Annual change|
|East of England||£338,499||+1.2%||+9.4%|
|Yorkshire & Humberside||£178,388||+0.6%||+2.6%|
|UK HPI regional figures|
|April 2016||Average price||Monthly change||Annual change|
|East of England||£263,420||+1.2%||+13.6%|
|Yorkshire & Humberside||£146,712||+1.6%||+6.0%|
FOCUS ON LONDON
|Average Price||Monthly change||Annual change|
|Largest changes according to:|
|Rightmove (8th May to 11th June ‘16)|
|Richmond upon Thames||£833,595||-10.2%||[-5.6%]|
|Barking and Dagenham||£299,534||[+0.8%]||+18.7%|
|Kensington and Chelsea||£2,073,363||[-9.4%]||-16.0%|
|LSL Acadata (Apr ’16):|
|Hammersmith and Fulham||£887,404||[-2.0%]||-3.5%|
|UK HPI Apr ‘16): Price Paid Data|
|Kensington and Chelsea||£1,429,838||[-17.7%]||-38.1%|
[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 May 2016 (published 9th June 2016) says that “Buyer demand falls for the second month running” and that “Price momentum eases in most parts (of the UK)”.
Northern Ireland saw the largest price increases over the month, followed by the East Midlands and the South East, whilst London saw a substantial decrease.
The North West was the only region not to see a decrease in the level of new buyer enquiries in the month, and the West Midlands saw the largest negative level.
The only increase in new vendor instructions was in Wales, whereas the lowest was in the West Midlands.
Only Wales and the North West had positive levels of newly agreed sales, whereas London yet again saw the lowest.
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.
UK HPI: Monthly house price inflation, calculated using data from Land Registry, Registers of
Scotland and Land and Property Services Northern Ireland. This replaces the previous House Price Indices separately published by ONS and Land Registry.
Next Monthly Market Fact File due in August 2016.