Press release

April 2015 Market Trend Data

Land Registry's Market Trend Data for England and Wales.

The April data shows an annual price increase of 5.1 per cent which takes the average property value in England and Wales to £179,817 compared with the peak of £181,014 in November 2007. House prices are up 0.9 per cent since March.

The regional data indicates that:

  • London experienced the greatest increase in its average property value over the last 12 months with a movement of 10.9 per cent
  • Yorkshire and The Humber experienced the greatest monthly rise with a movement of 2.7 per cent
  • North East saw the only annual price fall with a decrease of 0.6 per cent
  • Wales saw the largest monthly price decrease with a fall of 1.1 per cent

Sales and repossessions during February 2015, the most up-to-date figures available, show that:

  • the number of completed house sales in England and Wales decreased by 17 per cent to 54,103 compared with 64,994 in February 2014
  • the number of properties sold in England and Wales for over £1 million decreased by 18 per cent to 722 from 882 a year earlier
  • repossessions in England and Wales decreased by 37 per cent to 638 compared with 1,016 in February 2014
  • in London, South East and Yorkshire and The Humber, repossession sales fell by 45 per cent

Access the full April HPI report

Region Monthly change since March 2015 Annual change since April 2014 Average price April 2015
Yorkshire and The Humber 2.7% 3.1% £123,471
London 2.3% 10.9% £474,544
North West 2.1% 2.3% £113,301
East Midlands 1.4% 5.1% £135,033
South West 1.4% 5.9% £189,447
England and Wales 0.9% 5.1% £179,817
South East 0.8% 8.8% £244,238
East 0.3% 7.8% £201,465
West Midlands 0.2% 2.3% £137,121
North East -0.5% -0.6% £98,374
Wales -1.1% 0.3% £117,032

Average price by property type 2015 to 2014

Average price by property type (England and Wales) April 2015 April 2014 Difference
Detached £282,706 £268,869 5.1%
Semi-detached £170,470 £161,431 5.6%
Terraced £135,069 £129,154 4.6%
Flat/maisonette £172,719 £163,947 5.4%
All £179,817 £171,052 5.1%

Sales volumes 2014 to 2013

Month Sales 2014 England and Wales Sales 2013 England and Wales Difference
January 65,184 43,404 50.2%
February 64,994 45,280 43.5%
March 67,313 54,745 23.0%
April 70,203 51,057 37.5%
May 77,429 66,368 16.7%
June 80,666 66,165 21.9%
July 84,494 73,745 14.6%
August 87,594 79,481 10.2%
September 78,431 69,717 12.5%
October 85,723 76,655 11.8%
November 72,158 82,841 -12.9%
December 75,832 79,604 -4.7%
Total 910,021 789,062 15.3%

Sales volumes 2015 to 2014

Month Sales 2015 England and Wales Sales 2014 England and Wales Difference
January 54,689 65,184 -16.1%
February 54,103 64,994 -18.8%

Repossessions by region 2015 to 2014

Repossessions by region February 2015 February 2014 Difference
East 55 67 -18%
East Midlands 57 88 -35%
London 56 101 -45%
North East 26 37 -30%
North West 145 238 -39%
South East 66 121 -45%
South West 44 51 -14%
Wales 48 86 -44%
West Midlands 66 91 -27%
Yorkshire and The Humber 75 136 -45%
All 638 1,016 -37%

The Price Paid Data includes details of over 65,840 residential property sales in England and Wales lodged for registration in April 2015. The most expensive sale in April 2015 was in London W2 (£15.6m). The cheapest sale in April 2015 was in Bishop Auckland, County Durham (£18,500).

Access the full dataset

Notes to editors

  1. Market Trend Data is published on the twentieth working day of each month. The May House Price Index (HPI) will be published at 9.30am on Friday 26 June 2015. Price Paid Data is published at 11am on the same day.

  2. A calendar with release dates of the headline figure and the full HPI is available.

  3. The HPI uses a sample size that is larger than all other statistical measures available. It is calculated using Land Registry’s dataset of all single residential property sales completed in England and Wales since January 1995 subject to exclusion.

  4. Land Registry’s dataset contains details on over 19 million residential transactions. Of these, over 7 million are identifiable matched pairs, providing the basis for the repeat sales regression analysis used to complete the index. This technique of quality adjustment ensures an “apples to apples” comparison between properties.

  5. The adjusted headline statistics for England and Wales on p14 of the monthly HPI report include additional repossession data.

  6. The repossession data is based on the number of transactions lodged with Land Registry by lenders exercising their power of sale. Once we have identified these transactions, we extract the price paid information from the related register entry.

  7. Although the HPI goes back to January 1995, we have only been recording repossessions comprehensively since 2006. This means that historic repossession data is not available prior to January 2006. See repossession data for more information.

  8. HPI background tables are available as Open Data in Excel and CSV formats and in machine readable format as linked data. They are available for free use and re-use under the Open Government Licence (OGL).

  9. Price Paid Data is residential property price data for all the residential property sales in England and Wales that are lodged with us for registration in that month.The following information is available for each property:
    • the full address
    • the price paid
    • the date of transfer
    • the property type
    • whether it is new build or not
    • whether it is freehold or leasehold
  10. Download Price Paid Data in txt, csv format and in a machine readable format as linked data. It is available for anyone to examine or re-use free of charge under the OGL.

  11. As a government department established in 1862, executive agency and trading fund responsible to the Secretary of State for Business, Innovation and Skills, Land Registry keeps and maintains the Land Register for England and Wales. The Land Register has been open to public inspection since 1990.

  12. With the largest transactional database of its kind detailing over 24 million titles, Land Registry underpins the economy by safeguarding ownership of many billions of pounds worth of property.

  13. For further information about Land Registry visit www.gov.uk/land-registry

  14. Follow us on Twitter @LandRegGov, our blog, LinkedIn and Facebook

Contact

Press and PR Manager

Marion Shelley
Head Office
Trafalgar House

1 Bedford Park
Croydon
CR0 2AQ