HOUSE PRİCES UK
UK Government-Land Registry has released its UK House Price Index (HPI) for December 2016 results .The December data shows an annual price increase of 7.2% which takes the average property value in the UK to £219,544. Monthly house prices have risen by 1.4% since November 2016. The monthly index figure for the UK was 115.2.

In England, the December data shows an annual price increase of 7.7% which takes the average property value to £236,424. Monthly house prices have risen by 1.6% since November 2016.

Wales shows an annual price increase of 4.7% which takes the average property value to £148,177. Monthly house prices have risen by 1% since November 2016.

London shows an annual price increase of 7.5% which takes the average property value to £483,803. Monthly house prices have risen by 1.8% since November 2016.

The regional data indicates that:

-the East of England experienced the greatest increase in its average property price over the last 12 months with a movement of 11.3%
-the North East experienced the greatest monthly price growth with an increase of 2.3%
-the North East saw the lowest annual price growth with an increase of 4.1%
-the West Midlands saw the most significant monthly price fall with a movement of 0.4%.
-UK Property Transaction statistics show the number of home sales in the UK (seasonally adjusted) increased by 0.2% between November and December 2016, but compared with December 2015 there were 8.5% fewer home sales. See the economic statement.

Sales during October 2016, the most up-to-date Land Registry figures available, show that:

-the number of completed house sales in England fell by 34.5% to 58,853 compared with 89,884 in October 2015
-the number of completed house sales in Wales fell by 25.9% to 3,415 compared with 4,610 in October 2015
-the number of completed house sales in London fell by 44.9% to 6,166 compared with 11,200 in October 2015
-there were 617 repossession sales in England in October 2016
-there were 53 repossession sales in Wales in October 2016
-the lowest number of repossession sales in England and Wales in October 2016 was in the East of England.

 Price change by region for England

 

England by region Monthly change % since November 2016 Annual change % since December 2015 Average price December 2016
East Midlands 1.0 7.1 £176,790
East of England 1.9 11.3 £281,513
London 1.8 7.5 £483,803
North East 2.3 4.1 £128,631
North West 1.9 6.6 £152,259
South East 1.7 8.5 £316,026
South West 1.3 7.0 £242,808
West Midlands 0.4 7.1 £181,328
Yorkshire and The Humber 2.2 6.5 £154,985

Source: LandRegistry

 

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