UK House prices increase by 6.4% year on year – Land Registry
Posted on Friday, March 30th, 2012 @ 9:01am
House prices in England and Wales have increased by 0.9 per cent according to the latest monthly figures from Land Registry… The increase takes the average house price to £186,045. However, the data shows a decline in annual house price changes, from 6.7 per cent last month to 6.4 per cent this month. London experienced annual price growth of 13.1 per cent, with the average house price for January standing at £357,976. The largest monthly growth was seen in the North West with an increase of 2.0 per cent, taking the average house price there to £139,362. The volume of transactions was down on the same period last year, with an average of 100,648 per month in the months August to November 2007, compared with 117,173 per month from August to November 2006.
Region Monthly/ Annual change/ Average price
North West: / 2.0/ 5.8/ £139,362
London: 1.5/ 13.1/ £357,976
East Midlands: 1.5/ 3.4/ £146,288
West Midlands: 1.3/ 3.9/ £155,405
South East: 1.1/ 7.8/ £231,958
South West: 1.0/ 5.4/ £198,401
North East: 0.9/ 5.4/ £132,458
Yorkshire & The Humber: 0.9/ 4.3/ £147,201
East: 0.2/ 5.7/ £195,245
Wales: -0.3/ 1.3/ £140,289
Average prices/ Jan 2008/ Jan 2007/ Difference
Detached: £278,362 £266,509 4.4
Semi-detached: £174,691 £165,038 5.8
Terraced: £146,127 £136,853 6.8
Flat/maisonette: £175,712 £163,289 7.6
All: £186,045 £174,826 6.4