AVERAGE HOUSE PRICES
Note: all figures below are the most recently available data.
UK House Price Index – December 16
Data source: Land Registry
UK Average = £219,544, up 7.2% over the year, a 1.4% increase over the month
Halifax – January 17
UK Average = £220260, down 0.9% in the month, up 2.4% in the quarter, up 5.7% in the year.
Nationwide – January 17
UK average = £205,9240, up 0.2% in the month, up 0.7% in the quarter, up 4.3% in the year.
Rightmove – January 2017
UK average = £ 300,245, up 0.4% in the month, up 3.2% in the year.
LSL / Acadata – January 17
Average England and Wales = £300,169, up 0.3% from last month, up 3.1% in the year.
Excluding London and the South East: up 3.7% in the year.
REGIONAL HOUSE PRICES
|UK HPI regional figures (all percentages are positive unless indicated otherwise)|
|December 16||Average price (£)
|Northern Ireland (Quarter 4 – 2016)||125,480||0.6||5.7|
|East of England||281,513||1.9||11.3|
|West Midlands Region||181,328||0.4||7.1|
|Yorkshire and The Humber||154,985||2.2||6.5|
|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]|
|LSL Acadata December 16|
|Kensington & Chelsea||1,983,491||+6.3||2.7|
|City of London||708,775||-10.0||-20.2|
|Barking & Dagenham||301,572||2.2||13.6|
[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 January 2017 (published 09th February 2017) says that “new buyer enquiries were more or less unchanged during January,” and that “the national new instructions indicator has now failed to post a positive in reading in eleven consecutive months.”.
Similarly, in net balance terms, sales were flat for the second month in succession “with the national agreed sales indicator remaining at -1%”. However, the South West did show a firm rise whereas there was a decline in London. Despite Central London experiencing a slight decrease in price balance, the survey highlighted that most parts of the UK continue to see prices rise. The North West returned the highest net balance for the third survey running, with Northern Ireland and the South West also showing strong growth.
In the rental market, the survey showed that for the fourth quarter running, the flow of new landlord instructions failed to improve. The South West again had the highest positive level of newly agreed sales, whereas London saw the lowest. The South West also saw the highest number of new buyer enquiries whereas East Anglia showed the most negative change.
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.