AVERAGE HOUSE PRICES
UK House Price Index – October 2016
UK Average = £216,674, up 6.9% over the year, a 0.1% increase over the month
Halifax – November 2016
UK Average = £218,002, up 0.2% in the month and 0.8% in the quarter, up 6% in the year.
Nationwide – November 2016
UK average = £204,947, up 0.1 % in the month, up 0.9% in the quarter, up 4.4% in the year.
Rightmove – 6th November 2016 to 3rd December 2016
UK average = £299,159, down 2.1% in the month, in line with the previous 6 years, and up 3.4% in the year.
LSL / Acadata – November 2016
Average England and Wales = £295,276, up 0.1 on last month, up 3.1% in the year.
Excluding London and the South East: up 4.1% in the year.
| UK HPI regional figures | |||
| October 2016 | Average price | Monthly change % |
Annual change % |
| England | £232,656 | -0.1 | 7.4 |
| Scotland | £143,131 | 1.0 | 4.0 |
| Wales | £147,065 | 1.0 | 4.4 |
| Northern Ireland (Quarter 3 2016) | £124,093 | 0.8 | 5.4 |
| East Midlands | £176,084 | 1.0 | 7.5 |
| East of England | £279,148 | 1.3 | 12.3 |
| London | £474,475 | -1.2 | 7.7 |
| North East | £124,749 | -1.3 | 2.7 |
| North West | £148,586 | -1.2 | 4.6 |
| South East | £312,509 | 0.5 | 9.1 |
| South West | £240,322 | 0.2 | 7.2 |
| West Midlands Region | £177,937 | -0.7 | 6.2 |
| Yorkshire and The Humber | £150,401 | -0.2 | 4.2 |
| Rightmove regional figures | |||
| 6th Nov 2016 to 3rd Dec 2016 | Average price | Monthly change % |
Annual change % |
| Greater London | £616,160 | -4.3 | -0.1 |
| South East | £398,941 | -0.8 | 4.5 |
| South West | £290,958 | -1.5 | 6.6 |
| East of England | £329,521 | -1.3 | 6.4 |
| West Midlands | £204,270 | -0.9 | 5.2 |
| East Midlands | £194,268 | -0.8 | 4.7 |
| Wales | £170,210 | -2.8 | 4.1 |
| North West | £175,857 | -1.8 | 2.7 |
| Yorkshire & Humberside | £168,974 | -3.0 | 1.8 |
| North East | £139,548 | -3.6 | 0.1 |
FOCUS ON LONDON
| Largest changes according to:Â Â Â Â Â Â Â Â | Average Price | Monthly change % |
Annual change % |
| Rightmove (Best & Worst Performers) – December 2016 | |||
| Hammersmith & Fulham | £1,028,770 | 1.8 | -6.1 |
| Sutton | £437,480 | 1.3 | 9.4 |
| Camden | £994,411 | -15.3 | -17.7 |
| Kensington & Chelsea | £2,129,846 | -9.4 | -14.7 |
| Â | |||
| LSL Acadata (Best & Worst Performers – October 2016 | |||
| Tower Hamlets | £531,417 | 3.9 | 1.7 |
| Bexley | £349,708 | 0.3 | 14.6 |
| City of Westminster | £1,265,739 | -3.5 | -12.1 |
| Hammersmith & Fulham | £820,829 | -1.0 | -13.2 |
| Â | Â | Â | Â |
[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 November 2016 (published 7th D 2016) says that there has been “a small increase in new buyer enquiries for the third consecutive monthâ€.
Wales, the North East and London all report a fall in prices, although the inner London Boroughs activity suggests an easing of the downward trajectory of the previous months.
Northern Ireland and the East Midlands saw the largest drop in New Buyer Enquires compared to the previous quarter’s average, whilst Wales, the South East and the South West have each seen significant increases.
Northern Ireland reported by far the largest number of New Vendor Instructions compared to the previous quarter, followed by the South East and again the East Midlands.
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 January 2017