December 2014 Market Trend Data
29 Jan 2015 02:48 PM
Land Registry's Market Trend Data for England and Wales.
- Average house price in England and Wales now £177,766 compared with the peak of £181,138 in November 2007
- Annual growth of 7.0 per cent in December
- House prices up 0.6 per cent since November
- 796 repossessions in England & Wales during October 2014
The December data from Land Registry’s House Price Index shows an annual price increase of 7.0 per cent which takes the average property value in England and Wales to £177,766. House prices up 0.6 per cent since November. Repossession volumes decreased by 37 per cent in October 2014 to 796 compared with 1,260 in October 2013.
- The region in England and Wales which experienced the greatest increase in its average property value over the last 12 months is London with a movement of 16.3 per cent
- London also experienced the greatest monthly rise with a movement of 1.8 per cent
- The North West saw the lowest annual price growth with a movement of 1.5 per cent
- The North West also saw the most significant monthly price fall of 1.6 per cent
- The most up-to-date figures available show that during October 2014 the number of completed house sales in England & Wales increased by 4 per cent to 80,158 compared with 77,371 in October 2013
- The number of properties sold in England and Wales for over £1 million in October 2014 increased by 15 per cent to 1,132 from 984 in October 2013
- The region with the greatest fall in repossession sales in October 2014 was the South East
Access the full December HPI report
| Region |
Monthly change since November 2014 |
Annual change since December 2013 |
Average price December 2014 |
| London |
1.8% |
16.3% |
£464,936 |
| East |
1.5% |
10.3% |
£199,055 |
| South East |
0.7% |
10.8% |
£240,987 |
| England and Wales |
0.6% |
7.0% |
£177,766 |
| Yorkshire & The Humber |
0.6% |
5.0% |
£121,371 |
| North East |
0.4% |
3.9% |
£99,132 |
| Wales |
0.2% |
3.0% |
£118,859 |
| East Midlands |
-0.5% |
4.2% |
£131,336 |
| West Midlands |
-0.7% |
4.0% |
£136,064 |
| South West |
-0.9% |
4.4% |
£182,968 |
| North West |
-1.6% |
1.5% |
£110,548 |
Average price by property type 2014 to 2013
| Average price by property type (England & Wales) |
December 2014 |
December 2013 |
Difference |
| Detached |
£279,298 |
£260,499 |
7.2% |
| Semi-detached |
£167,069 |
£157,795 |
5.9% |
| Terraced |
£134,226 |
£125,182 |
7.2% |
| Flat/maisonette |
£170,822 |
£158,747 |
7.6% |
| All |
£177,766 |
£166,146 |
7.0% |
Sales volumes 2013 to 2012
| Month |
Sales 2013 England & Wales |
Sales 2012 England & Wales |
Difference |
| January |
43,403 |
43,792 |
-1% |
| February |
45,273 |
44,876 |
1% |
| March |
54,753 |
61,389 |
-11% |
| April |
51,048 |
43,292 |
18% |
| May |
66,375 |
52,572 |
26% |
| June |
66,152 |
59,906 |
10% |
| July |
73,780 |
59,204 |
25% |
| August |
79,611 |
65,071 |
22% |
| September |
70,040 |
52,907 |
32% |
| October |
77,371 |
59,264 |
31% |
| November |
83,705 |
64,017 |
31% |
| December |
80,846 |
56,753 |
42% |
| Total |
791,997 |
663,043 |
19% |
Sales volumes 2014 to 2013
| Month |
Sales 2014 England & Wales |
Sales 2013 England & Wales |
Difference |
| January |
66,108 |
43,403 |
52% |
| February |
65,894 |
45,273 |
46% |
| March |
68,315 |
54,753 |
25% |
| April |
71,242 |
51,048 |
40% |
| May |
78,499 |
66,375 |
18% |
| June |
81,459 |
66,152 |
23% |
| July |
85,035 |
73,780 |
15% |
| August |
87,130 |
79,611 |
9% |
| September |
75,944 |
70,040 |
8% |
| October |
80,158 |
77,371 |
4% |
Repossessions by region 2014 to 2013
| Repossessions by region |
October 2014 |
October 2013 |
Difference |
| East |
62 |
111 |
-44% |
| East Midlands |
71 |
99 |
-28% |
| London |
70 |
115 |
-39% |
| North East |
25 |
39 |
-36% |
| North West |
169 |
281 |
-40% |
| South East |
80 |
149 |
-46% |
| South West |
53 |
68 |
-22% |
| Wales |
76 |
114 |
-33% |
| West Midlands |
54 |
95 |
-43% |
| Yorkshire & The Humber |
136 |
189 |
-28% |
| All |
796 |
1,260 |
-37% |
The Price Paid Data includes details of over 82,000 residential property sales in England and Wales lodged for registration in December 2014. The most expensive sale in December 2014 was in the London Borough of Barnet (£33.7m). The cheapest sale in December 2014 was in Washington, Tyne and Wear (£12,250).
Access the full dataset