February Market Trend Data from Land Registry

The February data shows an annual price increase of 6.5 per cent which takes the average property value in England and Wales to £180,252 compared with the peak of £181,083 in November 2007. House prices are up 0.5 per cent since January.

The regional data indicates that:

  • London experienced the greatest increase in its average property value over the last 12 months with a movement of 13.1 per cent
  • North East experienced the greatest monthly rise with a movement of 6.2 per cent
  • North West saw the lowest annual price growth with a movement of 0.7 per cent
  • North West also saw the largest monthly price fall of 1.7 per cent

Sales and repossessions during December 2014, the most up-to-date figures available, show that:

  • the number of completed house sales in England & Wales decreased by 11 per cent to 70,470 compared with 79,569 in December 2013
  • the number of properties sold in England and Wales for over £1 million decreased by 4 per cent to 929 from 967 a year earlier
  • repossessions in England and Wales decreased by 38 per cent to 654 compared with 1,062 in December 2013
  • London was the region with the greatest fall in repossession sales

Access the full February HPI report https://www.gov.uk/government/statistical-data-sets/house-price-index-statistical-report

The Price Paid Data includes details of over 64,120 residential property sales in England and Wales lodged for registration in February 2015. The most expensive sale in February 2015 was in London SW3 (£27,750,000). The cheapest sale in February 2015 was in Burnley, Lancashire (£15,000).

Access the full dataset https://www.gov.uk/government/collections/price-paid-data

Today's Conveyancer
X