Land Registry Average Property Prices in England and Wales
The Average Price of a property in England and Wales is now £165,314 as at the end of May, 2010.
Source: Land Registry
Percentage Changes of Property Prices in England and Wales
The Monthly change between May and June in England and Wales was -0.2%.
The Annual change between May and June in England and Wales was 8.2%.
Source: Land Registry
Halifax House Price Index figures.
The average price of a house is now £167,750. House prices in May were 0.4% lower than in April. Despite this decrease for the second month in a row, house prices are still 6.9% higher than this time last year, measured by the average for the latest quarter against the same period a year earlier.
Source: Halifax/Lloyds TSB
Nationwide House Price Index figures
The price of a typical UK property rose by a seasonally adjusted 0.5% month-on-month (m/m) in May, making house prices 9.8% higher than a year earlier.
At £169,162, the average price of a typical property is now within 10% of the peak in October 2007.
Source: Nationwide
Bank Lending Rate
As widely predicted, the Bank of England Monetary Committee confirmed that the Bank Base Rate is to remain at 0.5% for a further month. It has been at this level since 05th March, 2009.
Source: Bank of England
Regional trends in House prices.
Largest increase in June is in Greater London, where the average price was up by 2.2% to £429,597. (8.2% higher than June 2009)
Largest decrease is in the West Midlands, where the average price is down by 3.3% in June to £189,049 (but still 2.5% up on June 2009).
Source: Rightmove
Mortgage Lending by the Major UK Lenders
House Purchase Lending in May was £6 billion as against £4.4 billion in May 2009. Same as in May 2008.
Source: Bank of England
New Mortgages granted
Gross mortgage lending totalled an estimated £11.3 billion in May, a 7% increase from £10.5 billion in April and up 10% from £10.2 billion in May 2009.
Source: Council of Mortgage Lenders