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Market statistics
5
Annual % price change by county
Comments from Calnea Analytics:
-20
August’s House Price Index report from the Land Registry shows that
-16
annual house price change is still falling, although the fall is much less
steep than in previous months. For example, in last month’s report, the
-14
decline was recorded at -11.7 per cent. The monthly change is fairly flat
-12
at -0.1 per cent, which changes the average value of a property in
England and Wales to £155,968.
-10
London, along with the West Midlands, is displaying the strongest -8
monthly growth in the latest data, with a change of 0.8 per cent. The
-6
capital is also experiencing the smallest fall in annual house price change
of any region in England and Wales at -6.2 per cent. The North West, on
-4
the other hand, has both the sharpest monthly fall and the sharpest -2
annual fall.
0
Sales volumes in England and Wales have fallen over the last year,
from 60,997 transactions per month in March June 2008 to 41,911 in the
2.3
same period this year. 3
Average price: £155,885
Monthly change: 1.7%
Annual change: -11.7%
Transactions
Annual growth
Region Monthly Annual Average
Change % Change % Price £
London 0.8 -6.2 310,640
West Midlands 0.8 -9.3 131,305
East 0.7 -8.0 165,069
Wales 0.5 -7.3 123,491
South East 0.3 -9.1 194,206
South West 0.1 -7.7 167,008
East Midlands -0.3 -10.2 122,348
North East -0.6 -9.1 110,404
Yorkshire & The Humber-1.8 -12.3 120,798
North West -2.1 -12.7 115,149
Source: Land Registry HPI series for England and Wales calculated by
AVM providers Calnea Analytics.
www.mortgageintroducer.com November 2009 Mortgage Introducer
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