2 January 2013
PR 01/13
November Market Trend Data from Land Registry
- November house prices up 0.3 per cent since October: average house price in England and Wales now £161,490
- South East tops the table of regional applications with 262,078 in November
- Almost 63,700 residential properties in England and Wales lodged for registration in November ranging from £10,000 to £17 million
The November data from Land Registry's flagship House Price Index shows an annual price increase of 0.9 per cent which takes the average property value in England and Wales to £161,490. The monthly change from October to November is an increase of 0.3 per cent.
- 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 5.9 per cent.
- The North East experienced the greatest monthly rise with an increase of 2.4 per cent.
- The North East also experienced the greatest annual price fall with a decrease of 2.9 per cent.
- Wales saw the most significant monthly price fall with a decrease of 1.6 per cent.
- The most up-to-date figures available show that during September 2012, the number of completed house sales in England and Wales decreased by 21 per cent to 50,517 compared with 63,552 in September 2011.
- The number of properties sold in England and Wales for over £1 million in September 2012 decreased by 19 per cent to 613 from 753 in September 2011.
Download full HPI report Search the House Price Index About the House Price Index
| Region | Monthly change (since October 2012) | Annual change (since November 2011) | Average price (November 2012) |
|---|---|---|---|
| North East | 2.4% | -2.9% | £98,304 |
| North West | 1.2% | -0.7% | £110,730 |
| South East | 0.7% | 2.1% | £210,046 |
| East Midlands | 0.5% | 0.0% | £122,761 |
| London | 0.5% | 5.9% | £362,592 |
| East | 0.4% | 2.4% | £175,605 |
| All England & Wales | 0.3% | 0.9% | £161,490 |
| South West | 0.0% | -0.4% | £170,762 |
| West Midlands | -0.2% | -0.5% | £129,371 |
| Yorks & The Humber | -0.6% | -2.6% | £116,004 |
| Wales | -1.6% | -0.9% | £115,202 |
| Avg. price by property type (England and Wales) | November 2012 | November 2011 | Difference |
|---|---|---|---|
| Detached | £253,501 | £252,923 | 0.2% |
| Semi-detached | £153,437 | £152,005 | 0.9% |
| Terraced | £122,069 | £121,051 | 0.8% |
| Flat/maisonette | £152,550 | £149,846 | 1.8% |
| All | £161,490 | £160,040 | 0.9% |
| Month | Sales 2011 (England and Wales) | Sales 2010 (England and Wales) | Difference |
|---|---|---|---|
| January | 37,627 | 35,893 | 5% |
| February | 39,694 | 42,585 | -7% |
| March | 46,765 | 51,484 | -9% |
| April | 50,766 | 52,361 | -3% |
| May | 48,998 | 52,249 | -6% |
| June | 57,732 | 62,804 | -8% |
| July | 62,317 | 67,568 | -8% |
| August | 64,423 | 61,553 | 5% |
| September | 63,552 | 57,545 | 10% |
| October | 57,979 | 58,713 | -1% |
| November | 60,340 | 56,379 | 7% |
| December | 63,550 | 56,948 | 12% |
| Total | 653,743 | 656,082 | 0% |
| Month | Sales 2012 (England and Wales) | Sales 2011 (England and Wales) | Difference |
|---|---|---|---|
| January | 43,692 | 37,627 | 16% |
| February | 44,763 | 39,694 | 13% |
| March | 61,176 | 46,765 | 31% |
| April | 43,124 | 50,766 | -15% |
| May | 52,267 | 48,998 | 7% |
| June | 59,259 | 57,732 | 3% |
| July | 58,403 | 62,317 | -6% |
| August | 63,705 | 64,423 | -1% |
| September | 50,517 | 63,552 | -21% |
The Transaction Data shows Land Registry received almost 1,149,300 applications from its customers (account and non-account) in November.
This includes 1,101,219 applications by account customers, of which:
- 266,550 were applications in respect of registered land (dealings)
- 489,020 were applications to obtain an official copy of a register or title plan
- 165,804 were searches
- 70,078 were transactions for value.
Access the full transaction dataset
| Top three customers | Transactions for value |
|---|---|
| Countrywide Property Lawyers | 1,184 |
| My Home Move Limited | 1,133 |
| O'Neill Patient | 883 |
| Top three customers | Searches |
|---|---|
| Enact | 5,354 |
| Optima Legal Services | 5,145 |
| TM Group UK Ltd (Search Choice) | 3,933 |
| Top three local authority areas | Applications |
|---|---|
| Birmingham | 17,743 |
| City of Westminster | 17,504 |
| Cornwall | 12,937 |
| Region | Applications |
|---|---|
| South East | 262,078 |
| Greater London | 211,986 |
| North West | 124,797 |
| South West | 112,367 |
| West Midlands | 98,153 |
| Yorks & Humber | 96,147 |
| East Midlands | 82,682 |
| Wales | 57,679 |
| North | 55,821 |
| East Anglia | 47,500 |
| England & Wales (not assigned) | 48 |
| Isles of Scilly | 37 |
| Total | 1,149,295 |
The Price Paid Data includes details of almost 63,700 residential property sales in England and Wales lodged for registration in November 2012. The most expensive (£17 million) and the cheapest (£10,000) properties sold in November 2012 are located in Bayswater, West London and Burnley, Lancashire.
Access the full price paid dataset
ENDS
Notes to editors
- Market Trend Data is published on the twentieth working day of each month. The November House Price Index (HPI) and Transaction and Price Paid data sets will be published at 11am on Wednesday 2 January 2013.
- The Public Data Group brings together Land Registry, Companies House, the Met Office and Ordnance Survey to work collectively on pursuing opportunities and driving efficiencies as well as on making their data available to users and re-users at a reduced cost or for free.
- The Open Government Licence (OGL) developed by the National Archives permits the free use and re-use of public sector information. Further information about OGL.
- This year marks the 150th anniversary of Land Registry. 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 an open document since 1990.
- With the largest transactional database of its kind detailing over 23 million titles, Land Registry underpins the economy by safeguarding ownership of many billions of pounds worth of property.
- 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 residential property sales completed in England and Wales since January 1995.
- Land Registry's dataset contains details on 16 million residential transactions. Of these, over six 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.
- The monthly Transaction Data shows how many applications for first registrations, leases, transfers of part, dealings, official copies and searches were lodged by Land Registry account customers. See an explanation of the terms used.
- Transactions for value include freehold and leasehold sales.
- Most searches carried out by a solicitor or conveyancer are to protect the purchase and/or mortgage. For example, a search will give the buyer priority for an application to Land Registry to register the purchase of the property. Find out more about the different types of search
- 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
- Downloaded our Price Paid Data as a monthly snapshot of our price paid database. It is available for anyone to examine or reuse free of charge under the OGL.
- For historical Price Paid Data, email addvalueservices@landregistry.gsi.gov.uk or ring 0800 678 1678. There is a charge for these reports.
Contact
- Marion Shelley 0300 0067543, 07790 690297 marion.shelley@landregistry.gsi.gov.uk
- Follow us on Twitter @LandRegGov
- Find us on LinkedIn
