Average house price in England and Wales now £175,653 compared with the peak of £181,442 in November 2007
Annual growth of 7.2 per cent in July
House prices up 1.7 per cent since June
857 repossessions in England & Wales during May 2014
Over 88,930 residential properties in England and Wales lodged for registration in July ranging from £18,000 to £24.5m
The July data from Land Registry’s House Price Index shows an annual price increase of 7.2 per cent which takes the average property value in England and Wales to £175,653. House prices up 1.7 per cent since June. Repossession volumes decreased by 42 per cent in May 2014 to 857 compared with 1,488 in May 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 19.3 per cent.
London experienced the greatest monthly rise with a movement of 3.3 per cent
North East saw the lowest annual price growth with a movement of 2 per cent
Yorkshire & The Humber saw the most significant monthly price fall of 0.6 per cent
The most up-to-date figures available show that during May 2014 the number of completed house sales in England & Wales increased by 10 per cent to 72,900 compared with 66,325 in May 2013
The number of properties sold in England and Wales for over £1 million in May 2014 increased by 32 per cent to 1,032 from 779 in May 2013
The region with the greatest fall in repossession sales in May 2014 was the East Midlands
Average price by property type (England and Wales)
Sales volumes 2013 to 2012
Sales 2013 England and Wales
Sales 2012 England and Wales
Sales volumes 2014 to 2013
Sales 2014 England and Wales
Sales 2013 England and Wales
Repossessions by region 2014 to 2013
Repossessions by region
Yorkshire and The Humber
The Price Paid Data includes details of over 88,930 residential property sales in England and Wales lodged for registration in July 2014. The most expensive sale in July 2014 was located in Knightsbridge, London SW7 and sold for £24.5m. The cheapest sale in July 2014 was located in Bishop Auckland, Co Durham and sold for £18,000.
Publication of the Transaction Data has moved so that it is now available on the fifteenth working day of the month. The August transaction dataset will be published on 19 September 2014 at 11am.
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 residential property sales completed in England and Wales since January 1995.
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.
The adjusted headline statistics for England and Wales on p14 of the monthly HPI report include additional repossession data.
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.
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 About the House Price Index for more information.
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
Price Paid Data can be downloaded in 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.
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 an open document since 1990.
With the largest transactional database of its kind detailing around 24 million titles, Land Registry underpins the economy by safeguarding ownership of many billions of pounds worth of property.