Small rise in September house prices
The September data from Land Registry's House Price Index showed a monthly price increase in the North West of 1.0% but an annual price fall of 2.7%.
The average house price in the North West in September 2011 increased to £115,057 from £112,803 in the past month.
Across England and Wales, figures showed the average house price is £162,000.
The only region in England and Wales to experience an increase in its average property value over the last 12 months is London with a movement of 2.7%.
The North East experienced the greatest annual price fall with a decrease of 8.2% and the most significant monthly price fall with a movement of -3.9%.
The most up-to-date figures available show that during July 2011, the number of completed house sales in England and Wales decreased by 11% to 59,919 from 67,475 in July 2010. The number of properties sold in England and Wales for over £1m in July 2011 decreased by 24% to 707 from 932 in July 2010.
|
Region |
Monthly change (since August 2011) |
Annual change (since September 2010) |
Average price (September 2011) |
|
North West |
1.0% |
-2.7% |
£115,057 |
|
South West |
0.5% |
-2.4% |
£173,331 |
|
Yorkshire & The Humber |
0.4% |
-4.9% |
£121,680 |
|
London |
0.3% |
2.7% |
£349,026 |
|
South East |
0.0% |
-2.1% |
£207,244 |
|
West Midlands |
-0.2% |
-4.1% |
£130,308 |
|
England & Wales |
-0.3% |
-2.6% |
£162,109 |
|
East |
-1.1% |
-3.0% |
£171,600 |
|
East Midlands |
-1.6% |
-4.3% |
£122,973 |
|
Wales |
-1.7% |
-5.8% |
£117,813 |
|
North East |
-3.9% |
-8.2% |
£100,616 |
|
Average prices by property type (England and Wales) |
September 2011 |
September 2010 |
Difference |
|
Detached |
£257,187 |
£261,101 |
-1.5% |
|
Semi-detached |
£153,059 |
£157,691 |
-2.9% |
|
Terraced |
£122,494 |
£126,820 |
-3.4% |
|
Flat/maisonette |
£152,286 |
£156,000 |
-2.4% |
|
All |
£162,109 |
£166,364 |
-2.6% |
|
Month |
Sales 2010 (England and Wales) |
Sales 2009 (England and Wales) |
Difference |
|
January |
35,848 |
26,289 |
36% |
|
February |
42,540 |
27,296 |
56% |
|
March |
51,424 |
35,556 |
45% |
|
April |
52,295 |
39,367 |
33% |
|
May |
52,192 |
45,883 |
14% |
|
June |
62,725 |
54,809 |
14% |
|
July |
67,475 |
63,698 |
6% |
|
August |
61,455 |
58,373 |
5% |
|
September |
57,450 |
58,545 |
-2% |
|
October |
58,588 |
65,834 |
-11% |
|
November |
56,252 |
61,155 |
-8% |
|
December |
56,766 |
78,549 |
-28% |
|
Total |
655,010 |
615,354 |
6% |
|
Month |
Sales 2011 (England and Wales) |
Sales 2010 (England and Wales) |
Difference |
|
January |
37,497 |
35,848 |
5% |
|
February |
39,534 |
42,540 |
-7% |
|
March |
46,487 |
51,424 |
-10% |
|
April |
50,355 |
52,295 |
-4% |
|
May |
48,392 |
52,192 |
-7% |
|
June |
56,342 |
62,725 |
-10% |
|
July |
59,919 |
67,475 |
-11% |
