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%

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