June Market Trend Data from Land Registry
- June house prices up 0.6 per cent since May: average house price in England and Wales now £162,621.
- 1,185 repossessions in England and Wales during April 2013.
- South East tops the table of regional applications with 271,936 in June.
- Over 59,500 residential properties in England and Wales lodged for registration in June ranging from £10,500 to £15 million.
- House price records are now available as linked data.
The June data from Land Registry's House Price Index shows an annual price increase of 0.8 per cent which takes the average property value in England and Wales to £162,621. The monthly change from May to June shows an increase of 0.6 per cent. Repossession volumes decreased by 26 per cent in April 2013 to 1,185 compared with 1,599 in April 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 6.9 per cent.
- London also experienced the greatest monthly rise with a movement of 3.1 per cent.
- The region with the greatest annual price fall is the North East with a decrease of 3.8 per cent.
- The North East also 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 April 2013, the number of completed house sales in England and Wales increased by 12 per cent to 48,367 compared with 43,252 in April 2012.
- The number of properties sold in England and Wales for over £1 million in April 2013 increased by 45 per cent to 703 from 484 in April 2012.
- The West Midlands was the only region to see an increase (8 per cent) in repossession sales between April 2012 and April 2013. The region with the greatest fall in the number of repossession sales was London where repossessions dropped by 37 per cent (April 2013 compared with April 2012).
Download the full June HPI report (PDF, 457KB) Search the House Price Index About the House Price Index
| Region | Monthly change (since May 2013) | Annual change (since June 2012) | Average price (June 2013) |
|---|---|---|---|
|
London |
3.1% |
6.9% |
£383,930 |
|
Wales |
2.9% |
1.6% |
£117,385 |
|
West Midlands |
0.8% |
0.5% |
£130,060 |
|
England & Wales |
0.6 % |
0.8% |
£162,621 |
|
South East |
0.3% |
1.0% |
£209,985 |
|
East |
-0.1% |
0.1% |
£174,066 |
|
South West |
-0.2% |
0.0% |
£172,152 |
|
East Midlands |
-0.2% |
0.4% |
£122,820 |
|
Yorkshire & The Humber |
-0.7% |
-2.1% |
£115,529 |
|
North West |
-1.3% |
-2.7% |
£107,703 |
|
North East |
-2.2% |
-3.8% |
£96,373 |
Average price by property type
| Average price by property type (England & Wales) | June 2013 | June 2012 | Difference |
|---|---|---|---|
|
Detached |
£256,512 |
£255,460 |
0.4% |
|
Semi-detached |
£153,453 |
£152,453 |
0.7% |
|
Terraced |
£122,940 |
£122,511 |
0.3% |
|
Flat/maisonette |
£154,317 |
£151,275 |
2.0% |
|
All |
£162,621 |
£161,343 |
0.8% |
Sales volumes 2011-2012
| Month | Sales 2012 (England & Wales) |
Sales 2011 (England & Wales) |
Difference |
|---|---|---|---|
|
January |
43,762 |
37,649 |
16% |
|
February |
44,837 |
39,704 |
13% |
|
March |
61,343 |
46,783 |
31% |
|
April |
43,252 |
50,800 |
-15% |
|
May |
52,510 |
49,016 |
7% |
|
June |
59,832 |
57,764 |
4% |
|
July |
59,108 |
62,348 |
-5% |
|
August |
64,962 |
64,457 |
1% |
|
September |
52,786 |
63,591 |
-17% |
|
October |
59,113 |
58,030 |
2% |
|
November |
63,747 |
60,407 |
6% |
|
December |
56,361 |
63,628 |
-11% |
|
Total |
661,613 |
654,177 |
1% |
Sales volumes 2012-2013
| Month | Sales 2013 (England & Wales) |
Sales 2012 (England & Wales) |
Difference |
|---|---|---|---|
|
January |
43,000 |
43,762 |
-2% |
|
February |
44,621 |
44,837 |
0% |
|
March |
53,244 |
61,343 |
-13% |
|
April |
48,367 |
43,252 |
12% |
Repossessions by region
| Repossessions by region | April 2013 | April 2012 | Difference |
|---|---|---|---|
|
East |
89 |
129 |
-31% |
|
East Midlands |
117 |
153 |
-24% |
|
London |
99 |
157 |
-37% |
|
North East |
31 |
42 |
-26% |
|
North West |
254 |
380 |
-33% |
|
South East |
131 |
166 |
-21% |
|
South West |
85 |
102 |
-17% |
|
Wales |
81 |
117 |
-31% |
|
West Midlands |
142 |
131 |
8% |
|
Yorkshire & The Humber |
156 |
222 |
-30% |
|
England & Wales |
1,185 |
1,599 |
-26% |
The Transaction Data shows Land Registry completed over 1,178,400 applications from its customers (account and non-account) in June. This includes 1,135,152 applications by account customers, of which 264,597 were applications in respect of registered land (dealings); 527,433 were applications to obtain an official copy of a register or title plan; 165,576 were searches and 63,116 were transactions for value.
Access the full price paid dataset
Transactions for value
| Top three customers | Transactions for value |
|---|---|
|
My Home Move Limited |
1,249 |
|
Countrywide Property Lawyers |
881 |
|
O'Neill Patient |
698 |
Searches
| Top three customers | Searches |
|---|---|
|
Enact |
6,495 |
|
Optima Legal Services |
4,738 |
|
TN Group (UK) Ltd (Search Choice) |
3,187 |
Applications by region
| Region | Applications |
|---|---|
|
South East |
271,936 |
|
Greater London |
221,192 |
|
North West |
123,158 |
|
South West |
118,664 |
|
West Midlands |
98,760 |
|
Yorks & Humber |
93,932 |
|
East Midlands |
85,479 |
|
North |
58,684 |
|
Wales |
58,155 |
|
East Anglia |
48,336 |
|
Isles of Scilly |
77 |
|
England & Wales (not assigned) |
39 |
|
Total |
1,178,412 |
The Price Paid Data includes details of over 59,500 residential property sales in England and Wales lodged for registration in June 2013. The most expensive sale in June 2013 was of a property located in central London which sold for £12,250,000. The cheapest sale in June 2013 is located in Accrington, Lancashire and sold for £13,000.
Access the full price paid dataset
ENDS
Notes to editors
- Market Trend Data is published on the twentieth working day of each month. The July House Price Index (HPI) and Transaction and Price Paid data sets will be published at 11am on Thursday 29 August.
- 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 #opendata
- 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 now be downloaded free of charge 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 by November 2013.
Contact
- Ronal Patel 0300 006 7490, 07768 644685, ronal.patel@landregistry.gsi.gov.uk
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