Press release

October 2015 Market Trend Data

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

The October data shows an annual price increase of 5.6% which takes the average property value in England and Wales to £186,350. Monthly house prices up 0.4% since September 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 10.6%
  • North East experienced the greatest monthly growth with an increase of 1.9%
  • Yorkshire and The Humber saw the lowest annual price growth with an increase of 1.4%
  • Yorkshire and The Humber also saw the most significant monthly price fall with a decrease of 1.8%

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

  • the number of completed house sales in England and Wales decreased by 15% to 74,596 compared with 87,895 in August 2014
  • the number of properties sold in England and Wales for over £1 million decreased by 13% to 1,280 from 1,473 a year earlier
  • repossessions in England and Wales decreased by 54% to 376 compared with 826 in August 2014
  • the region with the greatest fall in the number of repossession sales was Yorkshire and The Humber

Access the full October HPI report.

Region Monthly change since September 2015 Annual change since October 2014 Average price October 2015
North East 1.9% 2.9% £100,393
London 1.8% 10.6% £503,431
East 1.2% 8.0% £212,881
East Midlands 1.2% 4.8% £137,823
South East 1.0% 8.3% £257,818
South West 0.6% 5.3% £194,827
Wales 0.6% 3.3% £121,854
England and Wales 0.4% 5.6% £186,350
North West 0.2% 3.2% £115,835
West Midlands -0.4% 4.0% £141,362
Yorks and Humber -1.8% 1.4% £122,058

Average price by property type 2015 to 2014

Average price by property type (England and Wales) October 2015 October 2014 Difference
Detached £290,487 £278,017 4.5%
Semi-detached £175,829 £166,659 5.5%
Terraced £141,002 £133,396 5.7%
Flat/maisonette £179,378 £168,329 6.6%
All £186,350 £176,494 5.6%

Sales volumes 2014 to 2013

Month Sales 2014 England and Wales Sales 2013 England and Wales Difference
January 65,221 43,414 50%
February 65,040 45,293 44%
March 67,368 54,757 23%
April 70,293 51,071 38%
May 77,535 66,384 17%
June 80,856 66,187 22%
July 84,707 73,765 15%
August 87,895 79,519 11%
September 78,859 69,747 13%
October 86,374 76,698 13%
November 73,158 82,885 -12%
December 77,955 79,644 -2%
Total 915,261 789,364 16%

Sales volumes 2015 to 2014

Month Sales 2015 England and Wales Sales 2014 England and Wales Difference
January 56,713 65,221 -13%
February 57,795 65,040 -11%
March 65,084 67,368 -3%
April 61,995 70,293 -12%
May 71,039 77,535 -8%
June 77,719 80,856 -4%
July 84,828 84,707 0%
August 74,596 87,895 -15%

Repossessions by region 2015 to 2014

Repossessions by region August 2015 August 2014 Difference
East 29 59 -51%
East Midlands 31 75 -59%
London 28 66 -58%
North East 17 33 -48%
North West 102 196 -48%
South East 32 82 -61%
South West 26 50 -48%
Wales 36 72 -50%
West Midlands 33 80 -59%
Yorkshire and The Humber 42 113 -63%
All 376 826 -54%

The Price Paid Data includes details of over 95,300 residential property sales in England and Wales lodged for registration in October 2015.

The most expensive sale in October 2015 was in Belgravia, London SW1 (£21,475,000). The cheapest sale in October 2015 was in Middlesbrough, North Yorkshire (£10,000).

Access the full dataset

Notes to editors

  1. Market Trend Data is published on the twentieth working day of each month. The November House Price Index (HPI) will be published at 9.30am on Wednesday 30 December 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 exclusions.

  4. Land Registry’s dataset contains details on over 20 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. 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)
      The information available for each property will indicate whether it is APPD or SPPD and the record’s status - addition/change/deletion (A/C/D).
  12. 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.

  13. 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.

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

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

Contact

Press and PR Manager

Marion Shelley
Head Office
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