Land Registry
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August 2015 Market Trend Data

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

The August data shows an annual price increase of 4.2 per cent which takes the average property value in England and Wales to £184,682. Monthly house prices up 0.5 per cent since July 2015.

The regional data indicates that:

  • the region with the most significant annual price increase is the East with a movement of 8.4 per cent.
  • London experienced the greatest monthly rise with a movement of 1.7 per cent
  • the North West saw the lowest annual price increase of 0.2 per cent.
  • the North West also saw the most significant monthly price decrease with a fall of 1.4 per cent.

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

  • the number of completed house sales in England & Wales decreased by 13 per cent to 70,404 compared with 80,823 in June 2014
  • the number of properties sold in England and Wales for over £1 million decreased by 17 per cent to 1,031 from 1,237 a year earlier
  • repossessions in England and Wales decreased by 43 per cent to 498 compared with 868 in June 2014
  • the region with the greatest fall in the number of repossession sales was London.

Access the full August HPI report.

Region Monthly change since July 2015 Annual change since August 2014 Average price August 2015
London 1.7% 6.6% £493,026
South West 1.1% 5.4% £194,088
South East 0.8% 7.6% £254,658
West Midlands 0.6% 3.2% £140,417
East 0.5% 8.4% £210,042
England and Wales 0.5% 4.2% £184,682
North East 0.5% 0.4% £100,943
Wales 0.2% 0.9% £118,899
East Midlands -0.2% 3.5% £136,243
Yorks and Humber -0.3% 1.2% £123,063
North West -1.4% 0.2% £113,732

Average price by property type 2015 to 2014

Average price by property type (England & Wales) August 2015 August 2014 Difference
Detached £289,507 £276,985 4.5%
Semi-detached £175,299 £167,412 4.7%
Terraced £138,975 £133,967 3.7%
Flat/maisonette £176,801 £169,940 4.0%
All £184,682 £177,174 4.2%

Sales volumes 2014 to 2013

Month Sales 2014 England & Wales Sales 2013 England and Wales Difference
January 65,214 43,413 50%
February 65,025 45,289 44%
March 67,355 54,755 23%
April 70,271 51,066 38%
May 77,492 66,377 17%
June 80,823 66,180 22%
July 84,673 73,761 15%
August 87,839 79,511 10%
September 78,794 69,737 13%
October 86,240 76,684 12%
November 73,041 82,873 -12%
December 77,720 79,633 -2%
Total 914,487 789,279 16%

Sales volumes 2015 to 2014

Month Sales 2015 England and Wales Sales 2014 England and Wales Difference
January 56,530 65,214 -13%
February 57,458 65,025 -12%
March 64,182 67,355 -5%
April 60,148 70,271 -14%
May 67,466 77,492 -13%
June 70,404 80,823 -13%

Repossessions by region 2015 to 2014

Repossessions by region June 2015 June 2014 Difference
East 29 54 -46%
East Midlands 51 73 -30%
London 37 86 -57%
North East 18 30 -40%
North West 115 221 -48%
South East 65 99 -34%
South West 30 60 -50%
Wales 45 62 -27%
West Midlands 41 77 -47%
Yorkshire & The Humber 67 106 -37%
All 498 868 -43%

The Price Paid Data includes details of over 78,750 residential property sales in England and Wales lodged for registration in August 2015. The most expensive sale in August 2015 was in London SW1 (£15m). The cheapest sale in August 2015 was in Liverpool (£15,000).

Access the full dataset

Notes to editors

  1. Market Trend Data is published on the twentieth working day of each month. The September House Price Index (HPI) will be published at 9.30am on Wednesday 28 October 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 19 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.

  1. 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.

  1. 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. Seerepossession data for more information.

  2. 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).

  3. 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
  4. 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.

  5. 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.

  6. 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.

  7. For further information about Land Registry visit www.gov.uk/land-registry

  8. Follow us on Twitter @LandRegGov, our blogLinkedIn and Facebook
Channel website: https://www.gov.uk/government/organisations/land-registry

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