AVERAGE HOUSE PRICES
UK House Price Index – June 2016
This report combines the data from the Office for National Statistics and the Land Registry
UK Average = £213,927, up 8.7% over the year, a 1.0% increase over the month
Halifax – July 2016
UK Average = £214,678, down 1.0% in the month, up 1.6% in the quarter, up 8.4% in the year.
Nationwide – August 2016
UK average = £206,145, up 0.6% in the month, up 5.6% in the year.
Rightmove – 10th July to 6th August 2016
UK average = £304,222, down 1.2% in the period, up 4.1% in the year.
LSL / Acadata – July 2016
Average England and Wales = £293,318, up 0.2% from last month, up 5.5% in the year.
Excluding London and the South East: up 4.8% in the year.
REGIONAL HOUSE PRICES
UK House Price Index – June 2016
England average = £229,383, up 0.8% in the month, up 9.3% over the year.
Wales average = £145,238, up 1.2% in the month, up 4.9% over the year.
Scotland average = £143,282, up 2.7% in the month, up 4.6% over the year.
Northern Ireland (Q2) average = £123,241, up 3.8% in the quarter, up 7.8% over the year.
| Rightmove regional figures | |||
| 10th July to 6th August ‘16 | Average price | Monthly change | Annual change |
| Greater London | £619,409 | -2.6% | +2.1% |
| South East | £404,797 | -2.0% | +5.9% |
| South West | £300,606 | -0.1% | +6.5% |
| East of England | £334,951 | -0.4% | +8.2% |
| West Midlands | £208,186 | +1.1% | +3.9% |
| East Midlands | £194,908 | -1.4% | +3.9% |
| Wales | £180,425 | -0.2% | +1.5% |
| North West | £180,146 | -1.3% | +1.7% |
| Yorkshire & Humberside | £176,654 | +1.2% | +2.4% |
| North East | £147,330 | -0.2% | -1.2% |
| UK HPI regional figures | |||
| June 2016 | Average price | Monthly change | Annual change |
| London | £472,204 | +0.2% | +12.6% |
| South East | £309,149 | +1.5% | +12.3% |
| South West | £234,987 | +1.0% | +8.0% |
| East of England | £270,029 | +1.3% | +14.3% |
| West Midlands | £174,998 | -0.2% | +6.4% |
| East Midlands | £171,462 | +1.3% | +7.9% |
| North West | £148,320 | +0.4% | +6.6% |
| Yorkshire & Humberside | £149,706 | +1.2% | +5.5% |
| North East | £124,470 | -0.2% | +1.5% |
FOCUS ON LONDON
| Â | Average Price | Monthly change | Annual change |
| Largest changes according to: | |||
| Rightmove (10th July to 6th August ‘16) | |||
| Enfield | £492,283 | +4.5% | [+13.9%] |
| Westminster | £1,629,205 | -14.5% | -24.1% |
| Barking and Dagenham | £303,357 | [-0.6%] | +15.7% |
| LSL Acadata (June ’16): | |||
| Richmond-upon-Thames | £805,461 | +4.3% | [+8.8%] |
| Merton | £595,571 | -4.1% | [+2.6%] |
| Haringey | £611,121 | [+1.3%] | +21.8% |
| Kensington and Chelsea | £1,767,794 | [+0.8%] | -10.7% |
| Â | Â | Â | |
| UK HPI (July ‘16): Price Paid Data | |||
| Westminster | £1,601,669 | +27.2% | [+20.6%] |
| Newham | £332,875 | -13.3% | [+4.8%] |
| Hillingdon | £529,394 | [+22.0%] | +35.4% |
| Camden | £1,020,238 | [+10.2%] | -24.9% |
[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 July 2016 (published 11th August 2016) says that “Activity continues to weaken†and that “Stock levels dwindle as fresh sales listings declineâ€.
The North West once again saw the largest price increases over the month, followed by Northern Ireland, whilst London yet again saw the most substantial decrease.
The South West was the only region to see an increase in the level of new buyer enquiries this month, while the East Midlands saw the largest decrease.
There were only decreases in new vendor instructions – the smallest was in Northern Ireland, whereas the largest was in the West Midlands.
Only Wales and Northern Ireland (once again) had positive levels of newly agreed sales, whereas the West Midlands 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 October 2016.