Land Registry's Market Trend Data for England and Wales

Posted on Thursday, August 28, 2014

- Average house price in England and Wales now £172,011 compared with the peak of £181,466 in November 2007

- Annual growth of 6.4 percent in June

- 898 repossessions in England and Wales during April 2014

- Over 78,530 residential properties in England and Wales lodged for registration in June ranging from £11,500 to £20,150,000

The June data from Land Registry's House Price Index shows an annual price increase of 6.4 percent which takes the average property value in England and Wales to £172,011.  There is no monthly change from May to June.  Repossession volumes decreased by 30 percent in April 2014 to 898 compared5 to 1285 in April 2013.

- 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 16.4 percent

- West Midlands experienced the greatest monthly rise with a movement of 1.9 percent

- North East saw the lowest annual price growth with a movement of 0.8 percent

- Yorkshire & The Humber saw the most significant monthly price fall of 1.3 percent

- The most up-to-date figures available show that during April 2014 the number of completed house sales in England and Wales increased by 31 percent to 65,659 compared with 51,022 in April 2013

- The number of properties sold in England and Wales for over £1 million in April 2014 increased by 39 percent to 1,028 from 740 in April 2013

- The region with the greatest fall in repossession sales in April 2014 was the West Midlands