AVERAGE HOUSE PRICES
UK House Price Index – July 2016
This report combines the data from the Office for National Statistics and the Land Registry
UK Average = £216,750, up 8.3% over the year, a 0.4% increase over the month
Halifax – August 2016
UK Average = £213,930, down 0.2% in the month, up 0.7% in the quarter, up 6.9% in the year.
Nationwide – September 2016
UK average = £206,015, up 0.3% in the month, up 5.3% in the year.
Rightmove – 7th August – 10th September 2016
UK average = £306,499, up 0.7% in the period, up 4.0% in the year.
LSL / Acadata – August 2016
Average England and Wales = £292,921, up 0.1% from last month, up 4.3% in the year.
Excluding London and the South East: up 4.1% in the year.
REGIONAL HOUSE PRICES
UK House Price Index – July 2016
England average = £232,885, up 0.5% in the month, up 9.1% over the year.
Wales average = £144,828, down 1.8% in the month, but up 4.0% over the year.
Scotland average = £143,711, up 1.3% in the month, up 3.4% over the year.
Northern Ireland (Q2) average = £123,241, up 3.8% in the quarter, up 7.8% over the year.
|Rightmove regional figures|
|7th Aug to 10th Sept ‘16||Average price||Monthly change||Annual change|
|East of England||£337,252||+0.7%||+7.9%|
|Yorkshire & Humberside||£175,356||-0.7%||+2.1%|
|UK HPI regional figures|
|July 2016||Average price||Monthly change||Annual change|
|East of England||£273,806||+0.6%||+13.2%|
|Yorkshire & Humberside||£151,581||+0.2%||+4.7%|
FOCUS ON LONDON
|Average Price||Monthly change||Annual change|
|Largest changes according to:|
|Rightmove (7th Aug to 10th Sept ‘16)|
|City of Westminster||£1,777,498||+9.1%||[-5.4%]|
|Kensington and Chelsea||£2,054,707||[+2.2%]||-11.7%|
|LSL Acadata (July ’16):|
|City of Westminster||£1,279,301||-6.8%||[-1.7%]|
|UK HPI (August ‘16): Price Paid Data|
|City of Westminster||£1,172,279||-26.8%||-10.5%|
[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 August 2016 (published 8th September 2016) says that “House price inflation regains some momentum” and that “Expectations continue to recover”.
The North West yet again saw the largest price increases over the month, followed by East Anglia and the East Midlands, whilst London yet again saw the most substantial decrease. The North was the only other area to see a decrease in prices.
East Anglia saw the greatest increase in the level of new buyer enquiries this month, while the North saw the largest decrease.
There were only a few small increases in new vendor instructions, London being the greatest. The largest was – by far – Northern Ireland.
The South West had the highest positive level of newly agreed sales, whereas the West Midlands once 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 110 million visits from home movers each month who view in excess of 1.5 billion pages (Rightmove data, 2015).
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.
All figures within this article are correct at the time of going to press, and are reproduced in good faith. No responsibility will be taken for any decisions taken based on the information contained herein. Always seek professional advice.