Press release

December 2015 Market Trend Data

Land Registry's monthly Market Trend Data for residential property prices in England and Wales.

Market trend data for December 2016

The December data shows an annual price increase of 6.4% which takes the average property value in England and Wales to £188,270. Monthly house prices rose by 1.2% since November 2015.

The regional data indicates that:

  • London experienced the greatest increase in its average property value over the last 12 months with a movement of 12.4%
  • London also experienced the greatest monthly growth with an increase of 2.1%
  • the North East saw the lowest annual price growth with an increase of 0.8%
  • Wales saw the most significant monthly price fall with a decrease of 0.8%

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

  • the number of completed house sales in England and Wales fell by 8% to 79,960 compared with 86,452 in in October 2014
  • the number of properties sold in England and Wales for more than £1 million fell by 2% to 1,231 from 1,258 a year earlier
  • repossessions in England and Wales fell by 51% to 431 compared with 888 in October 2014
  • the region with the greatest fall in the number of repossession sales was London with a fall of 71% from October 2014

Access the full December HPI report.

Price change by region

Region Monthly change since November 2015 Annual change since December 2014 Average price December 2015
London 2.1% 12.4% £514,097
East 1.7% 10.6% £218,837
England and Wales 1.2% 6.4% £188,270
Yorks and Humber 1.2% 3.8% £125,492
South East 1.1% 9.5% £261,581
West Midlands 1.1% 4.8% £142,731
North West 0.9% 5.0% £116,152
South West 0.8% 6.8% £196,134
East Midlands -0.3% 4.2% £137,171
North East -0.7% 0.8% £99,069
Wales -0.8% 3.4% £121,780

Average price by property type 2015 to 2014

Average price by property type (England and Wales) December 2015 December 2014 Difference
Detached £294,410 £278,341 5.8%
Semi-detached £178,140 £167,019 6.7%
Terraced £141,998 £133,360 6.5%
Flat/maisonette £180,598 £169,732 6.4%
All £188,270 £176,952 6.4%

Sales volumes 2014 to 2013

Month Sales 2014
England and Wales
Sales 2013
England and Wales
Difference
January 65,268 43,435 50%
February 65,078 45,305 44%
March 67,418 54,779 23%
April 70,364 51,102 38%
May 77,607 66,414 17%
June 80,945 66,255 22%
July 84,761 73,798 15%
August 87,939 79,571 11%
September 78,916 69,780 13%
October 86,452 76,742 13%
November 73,250 82,944 -12%
December 78,109 79,726 -2%
Total 916,107 789,851 16%

Sales volumes 2015 to 2014

Month Sales 2015
England and Wales
Sales 2014
England and Wales
Difference
January 56,829 65,268 -13%
February 57,930 65,078 -11%
March 65,365 67,418 -3%
April 62,409 70,364 -11%
May 71,947 77,607 -7%
June 80,800 80,945 0%
July 88,587 84,761 5%
August 79,416 87,939 -10%
September 74,802 78,916 -5%
October 79,960 86,452 -8%

Repossessions by region 2015 to 2014

Repossessions by region October 2015 October 2014 Difference
East 21 65 -68%
East Midlands 31 77 -60%
London 24 82 -71%
North East 13 25 -48%
North West 112 208 -46%
South East 49 90 -46%
South West 30 56 -46%
Wales 41 78 -47%
West Midlands 38 64 -41%
Yorkshire and The Humber 72 143 -50%
All 431 888 -51%

Access December Price Paid Data dataset.

Notes to editors

  1. Market Trend Data is published on the 20th working day of each month. The January 2016 House Price Index (HPI) will be published at 9.30am on Friday 26 February 2016. 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 exclusions.
  4. Land Registry’s dataset contains details on more than 20 million residential transactions. Of these, more than 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 been recording repossessions comprehensively only since 2006. This means that historic repossession data is not available prior to January 2006. Read more information about repossessions data.
  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. Price Paid Data can be downloaded in txt and CSV formats 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. Price Paid Data includes Standard Price Paid Data (SPPD) for single residential property sales at full market value and Additional Price Paid Data (APPD) for transactions previously excluded from SPPD such as:
    • transfers to a non-private individual, for example a company, corporate body or business
    • transfers under a power of sale (repossessions)
    • buy-to-lets (where they can be identified by a mortgage)
  12. The information available for each property indicates whether it is APPD or SPPD and the record’s status - addition/change/deletion (A/C/D).
  13. 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.
  14. With the largest transactional database of its kind detailing more than 24 million titles, Land Registry underpins the economy by safeguarding ownership of many billions of pounds worth of property.
  15. For further information about Land Registry visit www.gov.uk/land-registry.
  16. Follow us on Twitter @LandRegGov our blog and LinkedIn and Facebook.

Contact

Senior Press Officer

Marion Shelley
Head Office
Trafalgar House

1 Bedford Park
Croydon
CR0 2AQ

Published 29 January 2016