UK House Price Index – August 2016
This report combines the data from the Office for National Statistics and the Land Registry
UK Average = £219,964, up 8.4% over the year, a 1.3% increase over the month
Halifax – September 2016
UK Average = £214,024, up 0.1% in the month, down 0.1% in the quarter, up 5.8% in the year.
Nationwide – October 2016
UK average = £205,904, unchanged at 0.0% in the month, up 1.3% in the quarter, up 4.6% in the year.
Rightmove – 11th September – 8th October 2016
UK average = £309,122, up 0.9% in the period, up 4.2% in the year.
LSL / Acadata – September 2016
Average England and Wales = £292,763, unchanged from last month, up 3.5% in the year.
Excluding London and the South East: up 3.8% in the year.
REGIONAL HOUSE PRICES
UK House Price Index – August 2016
England average = £235,573, up 1.4% in the month, up 9.2% over the year.
Wales average = £144,514, down 0.6% in the month, but up 2.7% over the year.
Scotland average = £144,561, unchanged in the month, up 4.3% over the year.
Northern Ireland (Q2) average = £123,241, up 3.8% in the quarter, up 7.8% over the year.
|Rightmove regional figures|
|11th Sept to 8th Oct ‘16||Average price||Monthly change||Annual change|
|East of England||£340,634||+1.0%||+7.6%|
|Yorkshire & Humberside||£176,158||+0.5%||+3.0%|
|UK HPI regional figures|
|August 2016||Average price||Monthly change||Annual change|
|Northern Ireland (Q2-16)||£123,241||+3.8%||+7.8%|
|East of England||£276,952||+1.4%||+13.3%|
|West Midlands Region||£179,429||+1.6%||+6.9%|
|Yorkshire and The Humber||£152,394||+0.6%||+4.9%|
|FOCUS ON LONDON||Average Price||Monthly change||Annual change|
|Largest changes according to:|
|Rightmove (8TH Aug – 11th Sept ‘16)|
|Kensington & Chelsea||£2,328,422||+13.3%||[-6.6%]|
|City of Westminster||£1,859,042||[+4.6%]||-8.1%|
|LSL Acadata (August ’16):|
|Barking & Dagenham||291,801||[+0.5%]||+16.4%|
|UK HPI (August ‘16): Price Paid Data|
|City of Westminster||£1,675,491||+42.93%||[+6.07%]|
[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 September 2016 (published 13th October 2016) says that “new buyer enquiries increased for the first time since February,” and that “House prices continue to rise”.
Northern Ireland saw the largest price increases over the month, followed by East Midlands and the North West, whilst London yet again saw the most substantial decrease. The North and Wales were the only other areas to see a decrease in prices.
The North, with Northern Ireland close behind, saw the greatest increases in the level of new buyer enquiries this month, while Scotland saw the largest decrease.
There were only a few small increases in new vendor instructions, the South West being the greatest. The largest decrease was West Midlands.
The South West again had the highest positive level of newly agreed sales, whereas the North West 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.
Next Monthly Market Fact File due in December 2016.