Press release

January 2016 Market Trend Data

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

The January data shows an annual price increase of 7.1% which takes the average property value in England and Wales to £191,812.
Monthly house prices have risen by 2.5% since December 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 13.9%
  • Wales experienced the greatest monthly growth with an increase of 3.7%
  • the North East saw the lowest annual price growth with an increase of 0.2%
  • the North East also saw the most significant monthly price fall with a decrease of 1.6%

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

  • the number of completed house sales in England and Wales fell by 2% to 72,167 compared with 73,282 in in November 2014
  • the number of properties sold in England and Wales for more than £1 million increased by 14% to 1,091 from 953 a year earlier
  • repossessions in England and Wales fell by 54% to 346 compared with 753 in November 2014
  • the region with the greatest fall in the number of repossession sales was the South West with a fall of 78% from November 2014

Access the full January HPI report.

Price change by region

Region Monthly change since December 2015 Annual change since January 2015 Average price January 2016
Wales 3.7% 6.8% £125,665
London 2.8% 13.9% £530,409
England and Wales 2.5% 7.1% £191,812
South East 2.2% 10.7% £266,603
West Midlands 1.7% 6.6% £144,185
South West 1.6% 6.2% £198,288
East Midlands 1.1% 4.4% £138,825
East 0.7% 8.9% £217,341
Yorkshire and Humber 0.6% 3.7% £124,949
North West -0.4% 2.1% £114,504
North East -1.6% 0.2% £97,117

Average price by property type 2016 to 2015

Average price by property type (England and Wales) January 2016 January 2015 Difference
Detached £299,762 £280,485 6.9%
Semi-detached £181,422 £170,345 6.5%
Terraced £143,839 £134,569 6.9%
Flat/maisonette £187,160 £172,963 8.2%
All £191,812 £179,076 7.1%

Sales volumes 2014 to 2013

Month Sales 2014
England and Wales
Sales 2013
England and Wales
Difference
January 65,274 43,435 50%
February 65,088 45,306 44%
March 67,421 54,784 23%
April 70,377 51,101 38%
May 77,620 66,417 17%
June 80,959 66,256 22%
July 84,769 73,801 15%
August 87,950 79,576 11%
September 78,926 69,780 13%
October 86,467 76,756 13%
November 73,282 82,948 -12%
December 78,150 79,729 -2%
Total 916,283 789,889 16%

Sales volumes 2015 to 2014

Month Sales 2015
England and Wales
Sales 2014
England and Wales
Difference
January 56,886 65,274 -13%
February 58,000 65,088 -11%
March 65,486 67,421 -3%
April 62,539 70,377 -11%
May 72,211 77,620 -7%
June 81,512 80,959 1%
July 89,717 84,769 6%
August 81,226 87,950 -8%
September 77,453 78,926 -2%
October 83,763 86,467 -3%
November 72,167 73,282 -2%

Repossessions by region 2015 to 2014

Repossessions by region November 2015 November 2014 Difference
East 18 46 -61%
East Midlands 20 71 -72%
London 23 58 -60%
North East 13 22 -41%
North West 110 182 -40%
South East 42 65 -35%
South West 11 49 -78%
Wales 33 79 -58%
West Midlands 27 71 -62%
Yorkshire and The Humber 49 110 -55%
All 346 753 -54%

Access January Price Paid Data dataset.

Notes to editors

  1. Market Trend Data is published on the 20th working day of each month. The February 2016 House Price Index (HPI) will be published at 9.30am on Wednesday 30 March 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

Press and PR Manager

Marion Shelley
Head Office
Trafalgar House

1 Bedford Park
Croydon
CR0 2AQ