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Market statistics
Annual % price change by county
Comments from Calnea Analytics:
-16
The Land Registry House Price Index for December 2008 shows a
continued decline in house prices in England and Wales, with an
-14
annual change of -13.5 per cent. December marks the sixteenth month -12
in a row in which annual price change has declined. The average house
-10
in England and Wales is worth £158,946, while the monthly house
price change stands at -2.0 per cent.
-8
Sales volumes in England and Wales have fallen from last year.
-6
From July to October 2007, the average number of sales was 110,517
transactions per month, whereas, in July to October 2008, the figure
-4
had fallen to 44,934. This is a dramatic drop of 59 per cent, which
-2
signals a continued weakening of the housing market.
In London, the average property was valued at £307,071, with an
0
annual change of -12.9 per cent and a monthly movement of -2.3 per 2.3
cent. The South West was the region with the sharpest annual house
price fall, with a movement of -15.6 per cent.
3
3.8
Average price: £158,946
Monthly change: -2.0%
Annual change: -13.5%
Transactions
Annual growth
Region Monthly Annual Average
Change % Change % Price £
Wales 1.7 -8.6 129,345
North East 0.0 -10.8 115,671
East -0.5 -13.6 167,670
North West -1.7 -10.9 122,123
South East -1.8 -14.9 194,416
Yorkshire & The Humber -1.8 -11.9 128,955
East Midlands -2.0 -13.5 125,630
London -2.3 -12.9 307,071
South West -3.1 -15.6 165,418
West Midlands -3.6 -13.6 132,301
Source: Land Registry HPI series for England and Wales calculated by
AVM providers Calnea Analytics.
March 2009 Mortgage Introducer
www.mortgageintroducer.com
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