The January data shows an annual price increase of 6.7 per cent which takes the average property value in England and Wales to £179,492 compared with the peak of £181,101 in November 2007. House prices are up 1.3 per cent since December.
The regional data indicates that:
- London experienced the greatest increase in its average property value over the last 12 months with a movement of 12 per cent
- The North West experienced the greatest monthly rise with a movement of 2.6 per cent
- The North East saw the lowest annual price growth with a movement of 0.1 per cent
- Yorkshire & The Humber saw the largest monthly price fall of 1.5 per cent
Sales and repossessions during November 2014, the most up-to-date figures available, show that:
- the number of completed house sales in England & Wales decreased by 19 per cent to 68,107 compared with 83,726 in November 2013
- the number of properties sold in England and Wales for over £1 million decreased by 18 per cent to 869 from 1,060 a year earlier
- repossession volumes in England and Wales decreased by 47 per cent to 687 compared with 1,286 in November 2013
- London was the region with the greatest fall in repossession sales
Access the full January HPI report https://www.gov.uk/government/statistical-data-sets/house-price-index-statistical-report.
The Price Paid Data includes details of over 77,470 residential property sales in England and Wales lodged for registration in January 2015. The most expensive sale in January 2015 was in London SW1 (£11,300,250). The cheapest sale in January 2015 was in Pendle, Lancashire (£6,000).
Access the full dataset https://www.gov.uk/government/collections/price-paid-data.
