26 October 2012
PR17/12

September Market Trend Data from Land Registry

September house prices down 0.3 per cent since August: average house price in England and Wales now £162,561
South East tops the table of regional applications with 233,684 in September
Over 60,400 residential properties in England and Wales lodged for registration in September ranging from £10,000 to £25 million

The September data from Land Registry's flagship House Price Index shows an annual price increase of 1.1 per cent which takes the average property value in England and Wales to £162,561. The monthly change from August to September is a decrease 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 5.5 per cent.
Wales experienced the greatest monthly rise with an increase of 0.5 per cent.
The North East experienced the greatest annual price fall with a decrease of 3.2 per cent.
Yorkshire & The Humber saw the most significant monthly price fall with a decrease of 2.2 per cent.
The most up-to-date figures available show that during July 2012, the number of completed house sales in England and Wales decreased by 9 per cent to 56,509 compared with 62,303 in July 2011.
The number of properties sold in England and Wales for over £1 million in July 2012 increased by 13 per cent to 817 from 725 in July 2011.

Access the full dataset

House Price Data

Region	Monthly change (since August 2012)	Annual change (since September 2011)	Average price (September 2012)
Wales	0.5%	-1.2%	£117,264
South West	0.1%	0.9%	£172,825
East	0.1%	1.9%	£174,969
London	-0.2%	5.5%	£363,802
England & Wales	-0.3%	1.1%	£162,561
South East	-0.4%	2.3%	£210,301
North West	-0.8%	-2.2%	£110,235
West Midlands	-0.9%	-1.6%	£128,391
East Midlands	-1.3%	-0.1%	£122,794
North East	-1.8%	-3.2%	£99,163
Yorkshire & The Humber	-2.2%	-3.0%	£115,853

Average price by property type (England and Wales)	September 2012	September 2011	Difference
Detached	£254,843	£255,437	-0.2%
Semi-detached	£152,685	£152,501	0.1%
Terraced	£123,301	£121,809	1.2%
Flat/maisonette	£155,461	£150,029	3.6%
All	£162,561	£160,859	1.1%

Sales Volumes

Month	Sales 2011 (England and Wales)	Sales 2010 (England and Wales)	Difference
January	37,619	35,887	5%
February	39,686	42,582	-7%
March	46,758	51,479	-9%
April	50,748	52,350	-3%
May	48,983	52,243	-6%
June	57,707	62,791	-8%
July	62,303	67,556	-8%
August	64,400	61,542	5%
September	63,533	57,527	10%
October	57,942	58,697	-1%
November	60,308	56,370	7%
December	63,500	56,928	12%
Total	653,487	655,952	0%

Month	Sales 2012 (England and Wales)	Sales 2011 (England and Wales)	Difference
January	43,634	37,619	16%
February	44,681	39,686	13%
March	61,001	46,758	30%
April	42,902	50,748	-15%
May	51,820	48,983	6%
June	58,004	57,707	1%
July	56,509	62,303	-9%

The Transaction Data shows Land Registry received over 1,000,000 applications from its customers (account and non-account) in September. This includes 961,635 applications by account customers, of which:

266,250 were applications in respect of registered land (dealings)
431,975 were applications to obtain an official copy of a register or title plan
142,737 were searches
65,009 were transactions for value.

Access the full transactions dataset

Top three customers	Transactions for value
My Home Move Limited	1,333
Countrywide Property Lawyers	1,136
O'Neill Patient	1,017

Top three customers	Searches
Optima Legal Services	4,626
Enact	4,417
TM Group UK Ltd (Search Choice)	3,282

Top three local authority areas	Applications
Birmingham	15,454
City of Westminster	14,596
Cornwall	11,634

Region	Applications
South East	233,684
Greater London	178,235
North West	109,570
South West	100,806
West Midlands	85,983
Yorks & Humber	81,363
East Midlands	72,618
Wales	50,197
North	48,950
East Anglia	41,976
England & Wales (not assigned)	39
Isles of Scilly	25
Total	1,003,446

The Price Paid Data includes details of over 60,400 residential property sales in England and Wales lodged for registration in September 2012. The most expensive (£25 million) and the cheapest (£10,000) property sold in August 2012 are located in central London and Burnley, Lancashire.

Access the full dataset

ENDS

Notes to editors

Market Trend Data is published on the twentieth working day of each month.
The September House Price Index (HPI) and Transaction and Price Paid data sets will be published at 11am on Friday 26 October 2012.
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. For further information visit http://www.nationalarchives.gov.uk/doc/open-government-licence
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. 8.
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. For an explanation of the terms used, see http://www.landregistry.gov.uk/professional/market-trend-data/public-data/faqs#m11
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. For information about the different types of search, see http://www.landregistry.gov.uk/professional/market-trend-data/public-data/faqs#m11
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:
It can be downloaded from the Land Registry website as a monthly snapshot of our price paid database at http://www.landregistry.gov.uk/professional/market-trend-data/public-data/price-paid-data and 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 call 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