AVERAGE HOUSE PRICES
Office for National Statistics – March 2016
UK Average = £292k, up 9.0% over the year, a 2.5% increase over the month
Excluding London and the South East:  Average = £221k, up 5.9% over the year.
Land Registry – This report is being replaced with the UK House Price Index.
The next publication date is mid-June for April’s report.
Therefore, it will be included in next month’s Fact File.
Halifax – April 2016
UK Average = £212,321, down 0.8% in the month, up 1.5% in the quarter, up 9.2% in the year.
Nationwide – May 2016
UK average = £204,368, up 0.2% in the month, up 4.7% in the year.
Rightmove – 10th April to 7th May 2016
UK average = £308,151, up 0.4% in the period, up 7.8% in the year.
LSL / Acadata – April 2016
Average England and Wales = £298,030, up 1.0% from last month, up 8.9% in the year.
Excluding London and the South East: up 4.9% in the year.
REGIONAL HOUSE PRICES
Office for National Statistics – March 2016
England average = £307k, up 10.1% over the year.
Wales average = £176k, up 2.1% over the year.
Scotland average = £193k, down 6.1% over the year.
Northern Ireland average = £155k, up 6.4% over the year.
| Rightmove regional figures | |||
| 10th April to 7th May ‘16 | Average price | Monthly change | Annual change |
| Greater London | £644,088 | -0.3% | +10.8% |
| South East | £412,597 | +1.2% | +9.5% |
| South West | £297,894 | +1.0% | +5.9% |
| East of England | £334,538 | +0.8% | +10.1% |
| West Midlands | £206,460 | +0.4% | +4.7% |
| East Midlands | £196,831 | +0.1% | +5.7% |
| Wales | £181,579 | +1.5% | +1.6% |
| North West | £179,490 | -0.2% | +3.2% |
| Yorkshire & Humberside | £177,379 | +1.6% | +4.3% |
| North East | £148,512 | -1.9% | +2.7% |
FOCUS ON LONDON
| Â | Average Price | Monthly change | Annual change |
| Largest changes according to: | |||
| Rightmove (10th April to 7th May ‘16) | |||
| Merton | £713,285 | +6.3% | [+22.3%] |
| Greenwich | £460,532 | -5.2% | [+13.6%] |
| City of Westminster | £1,871,358 | [-0.5%] | -2.5% |
| LSL Acadata (Mar ’16): | |||
| Southwark | £645,725 | +3.3% | [+20.0%] |
| Ealing | £573,480 | -0.9% | [+11.9%] |
| Camden | £1,073,841 | [+1.4%] | +23.8% |
| Hammersmith and Fulham | £899,197 | [+1.8%] | -2.4% |
[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 April 2016 (published 12th May 2016) says that “Buyer demand contracts as April Stamp Duty deadline passes†and that “the majority of areas seeing a decrease in the number of new properties coming on to agents booksâ€.
The North West again saw the largest price increases over the month, closely followed by East Anglia, whilst London saw the largest decrease.
East Anglia had the highest positive level of new buyer enquiries in the month, whilst London saw the largest negative level.
The highest level of new vendor instructions was in East Anglia, whereas the lowest were in the North West.
The North West had the highest level of newly agreed sales, whereas London 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 90 million visits from home movers each month who view in excess of one billion pages (Rightmove data, October 2014).
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.
The Office for National Statistics (ONS) House Price Index (HPI), previously published by the Department for Communities and Local Government (DCLG), is a monthly release that publishes figures for mix-adjusted average house prices and house price indices for the UK, its component countries and regions. The index is calculated using mortgage financed transactions that are collected via the Regulated Mortgage Survey by the Council of Mortgage Lenders.
Next Monthly Market Fact File due in July 2016.
*Back to June 2016 Newsletter*
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