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House Prices
- April house prices up 0.4 per cent since March: average house price in England and Wales now £161,458
- 1,293 repossessions in England and Wales during February 2013
- South East tops the table of regional applications with 269,249 in April
- Over 54,450 residential properties in England and Wales lodged for registration in April ranging from £10,000 to £14.5 million.
The April data from Land Registry's House Price Index shows an annual price increase of 0.7 per cent which takes the average property value in England and Wales to £161,458. The monthly change from March to April shows an increase of 0.4 per cent. Repossession volumes decreased by 28 per cent in February 2013 to 1,293 compared with 1,788 in February 2012.
- The region in England and Wales which experienced the greatest increase in its average property value over the last 12 months is London with a movement of 6.2 per cent.
- London also experienced the greatest monthly rise with a movement of 1.4 per cent.
- The region with the greatest annual price fall is the North East with a decrease of 5.7 per cent.
- The North East also saw the most significant monthly price fall with a decrease of 1.6 per cent.
- The most up-to-date figures available show that during February 2013, the number of completed house sales in England and Wales decreased by 3 per cent to 43,573 compared with 44,829 in February 2012.
- The number of properties sold in England and Wales for over £1 million in February 2013 increased by 3 per cent to 488 from 475 in February 2012.
- All regions saw repossessions decrease between February 2012 and February 2013. The region with the greatest fall in the number of repossessions was the West Midlands (February 2013 compared with Febrnuary 2012).
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About the House Price Index
| Region | Monthly change (since March 2013) |
Annual change (since April 2012) |
Average price (April 2013) |
|---|---|---|---|
| London | 1.4% | 6.2% | £375,795 |
| South West | 0.8% | 0.3% | £172,720 |
| East | 0.8% | 0.3% | £174,741 |
| North West | 0.6% | -3.7% | £107,184 |
| England & Wales | 0.4% | 0.7% | £161,458 |
| South East | 0.3% | 1.4% | £209,750 |
| Yorkshire & The Humber | -0.8% | -1.2% | £114,619 |
| West Midlands | -0.9% | 0.5% | £127,689 |
| Wales | -0.9% | -2.0% | £114,444 |
| East Midlands | -1.4% | -1.2% | £120,544 |
| North East | -1.6% | -5.7% | £95,546 |
Average price by property type
|
Avg. price by property type (England and Wales) |
April 2013 | April 2012 | Difference |
|---|---|---|---|
|
Detached |
£255,006 |
£256,148 |
-0.4% |
|
Semi-detached |
£153,119 |
£151,860 |
0.8% |
|
Terraced |
£122,134 |
£121,369 |
0.6% |
|
Flat/maisonette |
£152,313 |
£149,538 |
1.9% |
|
All |
£161,458 |
£160,373 |
0.79% |
Sales volumes, 2011-2012
| Month |
Sales 2012 (England and Wales) |
Sales 2011 (England and Wales) |
Difference |
|---|---|---|---|
|
January |
43,752 |
37,644 |
16% |
|
February |
44,829 |
39,703 |
13% |
|
March |
61,327 |
46,781 |
31% |
|
April |
43,238 |
50,794 |
-15% |
|
May |
52,481 |
49,013 |
7% |
|
June |
59,787 |
57,757 |
4% |
|
July |
59,068 |
62,347 |
-5% |
|
August |
64,888 |
64,455 |
1% |
|
September |
52,707 |
63,588 |
-17% |
|
October |
58,989 |
58,027 |
2% |
|
November |
63,497 |
60,399 |
5% |
|
December |
55,963 |
63,618 |
-12% |
|
Total |
660,530 |
654,126 |
1% |
Sales volumes, 2012-2013
| Month | Sales 2013 (England and Wales) | Sales 2012 (England and Wales) | Difference |
|---|---|---|---|
|
January |
42,511 |
43,756 |
-3% |
|
February |
43,573 |
44,829 |
-3% |
Reposessions by region
| Repossessions by region | February 2013 | February 2012 | Difference |
|---|---|---|---|
|
East |
95 |
138 |
-31% |
|
East Midlands |
126 |
197 |
-36% |
|
London |
117 |
165 |
-29% |
|
North East |
45 |
52 |
-13% |
|
North West |
321 |
367 |
-113% |
|
South East |
151 |
236 |
-36% |
|
South West |
71 |
108 |
-34% |
|
Wales |
95 |
135 |
-30% |
|
West Midlands |
97 |
166 |
-42% |
|
Yorkshire & The Humber |
175 |
224 |
-22% |
|
England and Wales |
1,293 |
1,788 |
-28% |
The Transaction Data shows Land Registry completed over 1,168,800 applications from its customers (account and non-account) in April. This includes 1,124,323 applications by account customers, of which:
- 261,772 were applications in respect of registered land (dealings)
- 530,698 were applications to obtain an official copy of a register or title plan
- 149,318 were searches
- 54,064 were transactions for value.
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