30 May 2013
PR 09/13
April Market Trend Data from Land Registry
- April house prices up 0.4 per cent since March: average house price in England and Wales now £161,458
- 1,293 repossessions in England and Wales during February 2013
- South East tops the table of regional applications with 269,249 in April
- Over 54,450 residential properties in England and Wales lodged for registration in April ranging from £10,000 to £14.5 million.
The April data from Land Registry's House Price Index shows an annual price increase of 0.7 per cent which takes the average property value in England and Wales to £161,458. The monthly change from March to April shows an increase of 0.4 per cent. Repossession volumes decreased by 28 per cent in February 2013 to 1,293 compared with 1,788 in February 2012.
- 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 6.2 per cent.
- London also experienced the greatest monthly rise with a movement of 1.4 per cent.
- The region with the greatest annual price fall is the North East with a decrease of 5.7 per cent.
- The North East also 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 February 2013, the number of completed house sales in England and Wales decreased by 3 per cent to 43,573 compared with 44,829 in February 2012.
- The number of properties sold in England and Wales for over £1 million in February 2013 increased by 3 per cent to 488 from 475 in February 2012.
- All regions saw repossessions decrease between February 2012 and February 2013. The region with the greatest fall in the number of repossessions was the West Midlands (February 2013 compared with Febrnuary 2012).
Download full HPI report Search the House Price Index About the House Price Index
| Region | Monthly change (since March 2013) | Annual change (since April 2012) |
Average price (April 2013) |
|---|---|---|---|
| London | 1.4% | 6.2% | £375,795 |
| South West | 0.8% | 0.3% | £172,720 |
| East | 0.8% | 0.3% | £174,741 |
| North West | 0.6% | -3.7% | £107,184 |
| England & Wales | 0.4% | 0.7% | £161,458 |
| South East | 0.3% | 1.4% | £209,750 |
| Yorkshire & The Humber | -0.8% | -1.2% | £114,619 |
| West Midlands | -0.9% | 0.5% | £127,689 |
| Wales | -0.9% | -2.0% | £114,444 |
| East Midlands | -1.4% | -1.2% | £120,544 |
| North East | -1.6% | -5.7% | £95,546 |
Average price by property type
| Avg. price by property type (England and Wales) |
April 2013 | April 2012 | Difference |
|---|---|---|---|
|
Detached |
£255,006 |
£256,148 |
-0.4% |
|
Semi-detached |
£153,119 |
£151,860 |
0.8% |
|
Terraced |
£122,134 |
£121,369 |
0.6% |
|
Flat/maisonette |
£152,313 |
£149,538 |
1.9% |
|
All |
£161,458 |
£160,373 |
0.79% |
Sales volumes, 2011-2012
| Month | Sales 2012 (England and Wales) |
Sales 2011 (England and Wales) |
Difference |
|---|---|---|---|
|
January |
43,752 |
37,644 |
16% |
|
February |
44,829 |
39,703 |
13% |
|
March |
61,327 |
46,781 |
31% |
|
April |
43,238 |
50,794 |
-15% |
|
May |
52,481 |
49,013 |
7% |
|
June |
59,787 |
57,757 |
4% |
|
July |
59,068 |
62,347 |
-5% |
|
August |
64,888 |
64,455 |
1% |
|
September |
52,707 |
63,588 |
-17% |
|
October |
58,989 |
58,027 |
2% |
|
November |
63,497 |
60,399 |
5% |
|
December |
55,963 |
63,618 |
-12% |
|
Total |
660,530 |
654,126 |
1% |
Sales volumes, 2012-2013
| Month | Sales 2013 (England and Wales) | Sales 2012 (England and Wales) | Difference |
|---|---|---|---|
|
January |
42,511 |
43,756 |
-3% |
|
February |
43,573 |
44,829 |
-3% |
Reposessions by region
| Repossessions by region | February 2013 | February 2012 | Difference |
|---|---|---|---|
|
East |
95 |
138 |
-31% |
|
East Midlands |
126 |
197 |
-36% |
|
London |
117 |
165 |
-29% |
|
North East |
45 |
52 |
-13% |
|
North West |
321 |
367 |
-113% |
|
South East |
151 |
236 |
-36% |
|
South West |
71 |
108 |
-34% |
|
Wales |
95 |
135 |
-30% |
|
West Midlands |
97 |
166 |
-42% |
|
Yorkshire & The Humber |
175 |
224 |
-22% |
|
England and Wales |
1,293 |
1,788 |
-28% |
The Transaction Data shows Land Registry completed over 1,168,800 applications from its customers (account and non-account) in April. This includes 1,124,323 applications by account customers, of which:
- 261,772 were applications in respect of registered land (dealings)
- 530,698 were applications to obtain an official copy of a register or title plan
- 149,318 were searches
- 54,064 were transactions for value.
Access the full transaction dataset
Transactions for value
| Top three customers | Transactions for value |
|---|---|
|
My Home Move Limited |
920 |
|
Countrywide Property Lawyers |
835 |
|
O'Neill Patient |
552 |
Searches
| Top three customers | Searches |
|---|---|
| Enact | 5,938 |
| Optima Legal Services | 5,065 |
| O’Neill Patient | 3,475 |
Applications by region
| Region | Applications |
|---|---|
|
South East |
269,249 |
|
Greater London |
213,033 |
|
North West |
126,603 |
|
South West |
114,731 |
|
West Midlands |
99,316 |
|
Yorks & Humber |
96,726 |
|
East Midlands |
85,575 |
|
Wales |
58,566 |
|
North |
55,516 |
|
East Anglia |
49,447 |
|
Isles of Scilly |
39 |
|
England and Wales (not assigned) |
39 |
|
Total |
1,168,834 |
The Price Paid Data includes details of over 54,450 residential property sales in England and Wales lodged for registration in April 2013. The most expensive sale in April 2013 was a property located in Knightsbridge, central London, which sold for over £14.5 million. The cheapest sale in April 2013 is located in Platt Bridge outside Wigan, Greater Manchester and sold for £10,000.
Access the full price paid dataset
ENDS
Notes to editors
- Market Trend Data is published on the twentieth working day of each month. The May House Price Index (HPI) and Transaction and Price Paid data sets will be published at 11am on Friday 28 June 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.
- 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 Land Registry 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 17 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 HPI is now available as Open Data in Excel and CSV formats and will be published in machine readable format as linked data from July 2013.
- The adjusted headline statistics for England and Wales on p14 of the monthly HPI report include the additional repossession data.
- 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.
- 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. See About our House Price Index for more information.
- 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.
- It can be downloaded from the Land Registry website as a monthly snapshot of our price paid database 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 ring 0800 678 1678. There is a charge for these reports however, they will be available to download free of charge from 28 June 2013.
Contact
- Marion Shelley: 0300 0067543, 07790 690297, marion.shelley@landregistry.gsi.gov.uk
- Follow us on Twitter @LandRegGov
- Find us on LinkedIn and Facebook
