July 2014 Market Trend Data

1 Sep 2014 03:22 PM

Land Registry's Market Trend Data for England and Wales.

• Average house price in England and Wales now £175,653 compared with the peak of £181,442 in November 2007
• Annual growth of 7.2 per cent in July
• House prices up 1.7 per cent since June
• 857 repossessions in England & Wales during May 2014
• Over 88,930 residential properties in England and Wales lodged for registration in July ranging from £18,000 to £24.5m

The July data from Land Registry’s House Price Index shows an annual price increase of 7.2 per cent which takes the average property value in England and Wales to £175,653. House prices up 1.7 per cent since June. Repossession volumes decreased by 42 per cent in May 2014 to 857 compared with 1,488 in May 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 19.3 per cent.
• London experienced the greatest monthly rise with a movement of 3.3 per cent
• North East saw the lowest annual price growth with a movement of 2 per cent
• Yorkshire & The Humber saw the most significant monthly price fall of 0.6 per cent
• The most up-to-date figures available show that during May 2014 the number of completed house sales in England & Wales increased by 10 per cent to 72,900 compared with 66,325 in May 2013
• The number of properties sold in England and Wales for over £1 million in May 2014 increased by 32 per cent to 1,032 from 779 in May 2013
• The region with the greatest fall in repossession sales in May 2014 was the East Midlands

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