September Market Trend Data from Land Registry
- September house prices up 1.5 per cent since August: average house price in England and Wales now £167,063.
- 1,187 repossessions in England and Wales during July 2013.
- South East tops the table of regional applications with 290,300 in September.
- Over 77,450 residential properties in England and Wales lodged for registration in September ranging from £10,000 to £15,550,000.
The September data from Land Registry's House Price Index shows an annual price increase of 3.4 per cent which takes the average property value in England and Wales to £167,063. The monthly change from August to September shows an increase of 1.5 per cent. Repossession volumes decreased by 28 per cent in July 2013 to 1,187 compared with 1,645 in July 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 9.3 per cent.
- The North East experienced the greatest monthly rise with a movement of 2.7 per cent.
- The only region with an annual price fall is Wales with a decrease of 1.7 per cent.
- Wales saw the most significant monthly price fall with a decrease of 0.4 per cent.
- The most up-to-date figures available show that during July 2013, the number of completed house sales in England and Wales increased by 17 per cent to 69,140 compared with 59,141 in July 2012.
- The number of properties sold in England and Wales for over £1 million in July 2013 increased by 34 per cent to 1,143 from 852 in July 2012.
- The region with the greatest fall in the number of repossession sales was the North East where repossessions dropped by 56 per cent (25 in July 2013 compared with 57 in July 2012).
Download the full September 2013 HPI report (PDF, 448KB) Access the full dataset Search the House Price Index About the House Price Index
| Region | Monthly change (since August 2013) | Annual change (since September 2012) | Average price (September 2013) |
|---|---|---|---|
| North East | 2.7% | 1.3% | £101,262 |
| London | 1.9% | 9.3% | £393,462 |
| South East | 1.0% | 4.4% | £218,080 |
| East | 1.6% | 3.9% | £180,017 |
| England and Wales | 1.5% | 3.4% | £167,063 |
| Yorkshire & The Humber | 1.0% | 1.6% | £118,092 |
| North West | 0.7% | 0.6% | £110,001 |
| South West | 0.3% | 2.1% | £175,056 |
| West Midlands | 0.0% | 2.0% | £130,443 |
| East Midlands | -0.1% | 1.4% | £123,967 |
| Wales | -0.4% | -1.7% | £114,589 |
Average price by property type
| Average price by property type (England & Wales) | September 2013 | September 2012 | Difference |
|---|---|---|---|
| Detached | £260,985 | £254,055 | 2.7% |
| Semi-detached | £157,194 | £152,996 | 2.7% |
| Terraced | £126,210 | £122,567 | 3.0% |
| Flat/maisonette | £161,221 | £152,580 | 5.7% |
| All | £167,063 | £161,531 | 3.4% |
Sales volumes 2011-2012
| Month | Sales 2012 (England & Wales) | Sales 2011 (England & Wales) | Difference | |
|---|---|---|---|---|
| January | 43,765 | 37,655 | 16% | |
| February | 44,851 | 39,706 | 13% | |
| March | 61,355 | 46,785 | 31% | |
| April | 43,263 | 50,808 | -15% | |
| May | 52,526 | 49,019 | 7% | |
| June | 59,860 | 57,774 | 4% | |
| July | 59,141 | 62,356 | -5% | |
| August | 65,007 | 64,462 | 1% | |
| September | 52,848 | 63,601 | -17% | |
| October | 59,180 | 58,046 | 2% | |
| November | 63,896 | 60,415 | 6% | |
| December | 56,577 | 63,642 | -11% | |
| Total | 662,269 | 654,269 | 1% |
Sales volumes 2012-2013
| Month | Sales 2013 (England & Wales) | Sales 2012 (England & Wales) | Difference |
|---|---|---|---|
| January | 43,230 | 43,765 | -1% |
| February | 45,028 | 44,851 | 0% |
| March | 54,285 | 61,355 | -12% |
| April | 50,488 | 43,263 | 17% |
| May | 65,221 | 52,526 | 24% |
| June | 63,287 | 59,860 | 6% |
| July | 69,140 | 59,141 | 17% |
Repossessions by region
| Repossessions by region | July 2013 | July 2012 | Difference |
|---|---|---|---|
| East | 90 | 128 | -30% |
| East Midlands | 91 | 148 | -39% |
| London | 111 | 134 | -17% |
| North East | 25 | 57 | -56% |
| North West | 260 | 400 | -56% |
| South East | 146 | 227 | -36% |
| South West | 67 | 85 | -21% |
| Wales | 118 | 133 | -11% |
| West Midlands | 108 | 141 | -23% |
| Yorkshire & The Humber | 171 | 192 | -11% |
| England & Wales | 1,187 | 1,645 | -28% |
The Transaction Data shows Land Registry completed over 1,252,390 applications from its customers (account and non-account) in September. This includes 1,199,573 applications by account customers, of which 295,571 were applications in respect of registered land (dealings); 541,240 were applications to obtain an official copy of a register or title plan; 173,485 were searches and 75,628 were transactions for value.
Access the full transaction dataset
Transactions for value
| Top three customers | Transactions for value |
|---|---|
| My Home Move Limited | 1,548 |
| Countrywide Property Lawyers | 898 |
| O'Neill Patient | 764 |
Searches
| Top three customers | Searches |
|---|---|
| Enact | 8,498 |
| Optima Legal Services | 6,139 |
| O'Neill Patient | 3,458 |
Applications by region
| Region | Applications |
|---|---|
| South East | 290,300 |
| Greater London | 230,147 |
| North West | 134,572 |
| South West | 129,309 |
| West Midlands | 103,940 |
| Yorks & Humber | 97,573 |
| East Midlands | 91,262 |
| North | 62,116 |
| Wales | 61,438 |
| East Anglia | 51,628 |
| England & Wales (not assigned) | 73 |
| Isles of Scilly | 39 |
| Total | 1,252,397 |
The Price Paid Data includes details of over 77,450 residential property sales in England and Wales lodged for registration in September 2013. The most expensive sale in September 2013 was of a property located in the London Borough of Kensington and Chelsea which sold for £11.25m. The cheapest sale in September 2013 is located in Dewsbury, West Yorkshire 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 October House Price Index (HPI) and Transaction and Price Paid data sets will be published at 11am on Thursday 28 November.
- 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 for free or at a reduced cost.
- 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 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 adjusted headline statistics for England and Wales on p14 of the monthly HPI report include 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.
- HPI background tables are now available as Open data in Excel and CSV formats and in machine readable format as linked data.
- The monthly Transaction Data shows how many applications for first registrations, leases, transfers of part, dealings, official copies and searches lodged by Land Registry account customers were completed. See an explanation of the terms used in the Transaction data.
- 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.
- Historical Price Paid Data from January 2009 to January 2012 can be downloaded in csv format and in a machine readable format as linked data.
- For historical Price Paid Data from 1995 to 2008, email addvalueservices@landregistry.gsi.gov.uk or ring 0800 678 1678. There is a charge for these reports although they will be available to download free of charge from 28 November 2013.
- For further information about Land Registry, visit www.landregistry.gov.uk. Follow us on Twitter @LandRegGov. Find us on LinkedIn, Facebook and our blog.
Contact
Marion Shelley 0300 006 7543, 07790 690297 and by email marion.shelley@landregistry.gsi.gov.uk
