AVERAGE HOUSE PRICES
Note: all figures below are the most recently available data and are provisional estimates likely to be updated as more data is included within the indices.
UK House Price Index – November 2016
Data source: Land Registry
UK Average = £217,928, up 6.7% over the year, a 1.1% increase over the month
Halifax – December 2016
UK Average = £222,484, up 1.7% in the month, up 2.5% in the quarter, up 6.5% in the year.
Nationwide – December 2016
UK average = £205,898, up 0.8% in the month, up 0.7% in the quarter, up 4.5% in the year.
Rightmove – January 2017
UK average = £ 300,245, up 0.4% in the month, up 3.2% in the year.
LSL / Acadata – December 2016
Average England and Wales = £297,678, up 0.4% on last month, up 3.1% in the year.
Excluding London and the South East: up 4.4% in the year.
REGIONAL HOUSE PRICES
UK HPI regional figures
|November 2016||Average price (£) GBP||Monthly change
|Northern Ireland (Q3* Jul-Sep 2016)||124,093||0.8*||5.4|
|East of England||278,349||0.9||10.5|
|Yorkshire and Humber||152,418||1.1||5.1|
|Rightmove regional figures|
|January 2017||Average price (£)
|East of England||332,088||0.8||6.1|
|Yorkshire & Humberside||168,887||-0.1||1.9|
|FOCUS ON LONDON||Average Price (£)
|Best and Worst (-) performers according to:|
|Rightmove January 2017|
|Kensington and Chelsea||2,485,483||16.7||[10.2]|
|Hammersmith & Fulham||948,671||-7.8||-11.6|
|LSL Acadata – November 2016|
|Barking & Dagenham||£292,525||[-0.6]||+12.1|
|Hammersmith & Fulham||£847,507||-2.9||[-11.5]|
|Hammersmith & Fulham||£847,507||[-2.9]||-11.5|
|City of Westminister||£1,272,561||[-1.8]||-7.3|
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.
The RICS Residential Market Survey for December 2016 reports “sales activity stuttering somewhat having appeared to be gaining momentum over recent months,” and that “Prices continue to slip in central London although all other (London) areas see an increase”.
Comparing the current month to the quarter, the majority of areas have stagnated in terms of house prices; the exceptions being Wales and the North, which have both experienced a rise in house prices. The only exceptions being East Anglia and the West Midlands, who both experienced a drop in house prices in month.
In line with the month’s house price increases, Wales and the North also experienced a rise in New Buyer Enquires. London too saw a rise in the number of New Buyer Enquiries. East Anglia, the South East and Scotland all saw the greatest decrease in number of New Buyer Enquiries.
New Vendor Instructions rose in month in London, Wales and Northern Ireland. However, East Anglia and the South East experienced a sharp drop in the %age of New Vendor Enquiries. The South West continues to lead the numbers of New Vendor Instructions.
Wales saw a significant increase in the number of Newly Agreed Sales, whilst East Anglia and the West Midlands saw the biggest drop.
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 February 2017