Press release

September 2015 Market Trend Data

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

Heat map 2015 September

The September data shows an annual price increase of 5.3 per cent which takes the average property value in England and Wales to £186,553. Monthly house prices up 1.0 per cent since August 2015.

The regional data indicates that:

  • the region with the most significant annual price increase is London with a movement of 9.6 per cent
  • London experienced the greatest monthly rise with a movement of 1.8 per cent
  • the North East saw the only annual price decrease with a movement of -0.3 per cent
  • the North East also saw the most significant monthly price decrease with a fall of 0.3 per cent

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

  • the number of completed house sales in England and Wales decreased by 4 per cent to 81,696 compared with 84,691 in July 2014
  • the number of properties sold in England and Wales for over £1 million decreased by 9 per cent to 1,413 from 1,555 a year earlier
  • repossessions in England and Wales decreased by 50 per cent to 471 compared with 943 in July 2014
  • the region with the greatest fall in the number of repossession sales was London

Access the full September HPI report.

Region Monthly change since August 2015 Annual change since September 2014 Average price September 2015
London 1.8% 9.6% £499,997
England and Wales 1.0% 5.3% £186,553
South East 0.7% 8.5% £256,737
North West 0.7% 2.5% £115,594
West Midlands 0.6% 4.8% £141,470
Yorks and Humber 0.6% 3.7% £124,473
East 0.5% 8.3% £211,161
South West 0.3% 4.4% £193,538
East Midlands 0.1% 3.8% £136,643
Wales 0.1% 0.7% £119,916
North East -0.3% -0.3% £99,559

Average price by property type 2015 to 2014

Average price by property type (England and Wales) September 2015 September 2014 Difference
Detached £291,836 £277,005 5.4%
Semi-detached £176,024 £167,229 5.3%
Terraced £140,773 £133,800 5.2%
Flat/maisonette £179,813 £170,348 5.6%
All £186,553 £177,160 5.3%

Sales volumes 2014 to 2013

Month Sales 2014 England and Wales Sales 2013 England and Wales Difference
January 65,219 43,414 50%
February 65,035 45,291 44%
March 67,362 54,756 23%
April 70,277 51,070 38%
May 77,516 66,378 17%
June 80,837 66,182 22%
July 84,691 73,763 15%
August 87,874 79,516 11%
September 78,838 69,738 13%
October 86,307 76,693 13%
November 73,111 82,880 -12%
December 77,842 79,639 -2%
Total 914,909 789,320 16%

Sales volumes 2015 to 2014

Month Sales 2015 England and Wales Sales 2014 England and Wales Difference
January 56,632 65,219 -13%
February 57,667 65,035 -11%
March 64,823 67,362 -4%
April 61,359 70,277 -13%
May 69,529 77,516 -10%
June 74,478 80,837 -8%
July 81,696 84,691 -4%

Repossessions by region 2015 to 2014

Repossessions by region July 2015 July 2014 Difference
East 22 59 -63%
East Midlands 46 80 -43%
London 36 115 -69%
North East 14 18 -22%
North West 133 234 -43%
South East 38 105 -64%
South West 36 58 -38%
Wales 39 75 -48%
West Midlands 47 80 -41%
Yorkshire and the Humber 60 119 -50%
All 471 943 -50%

The Price Paid Data includes details of over 93,000 residential property sales in England and Wales lodged for registration in September 2015.

The most expensive sale in September 2015 was in Knightsbridge, London SW1 (£17.5m). The cheapest sale in September 2015 was in Pendle, Lancashire (£12,000).

Access the full dataset

Notes to editors

  1. Market Trend Data is published on the twentieth working day of each month. The October House Price Index (HPI) will be published at 9.30am on Friday 27 November 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. From next month (October 2015 data) Price Paid Data will include 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. 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, our blog, LinkedIn and Facebook

Contact

Senior Press Officer

Marion Shelley
Head Office
Trafalgar House

1 Bedford Park
Croydon
CR0 2AQ

Published 28 October 2015