The Land Registry recently released their HPI for June 2015.
Annual growth of 5.4 per cent in June brings the average house price in England and Wales to £181,619
The number of property transactions has decreased over the last year. From January 2014 to April 2014 there was an average of 66,949 sales per month. In the same months a year later, the figure was 57,918.
The June data shows a monthly price increase of 1.1 per cent. The annual price change now stands at 5.4 per cent, bringing the average house price in England and Wales to £181,619
Average annual change in residential property prices
The June data for London shows a monthly increase of 1.8 per cent. At 9.2 per cent, the annual change for London is considerably higher than most other regions. The average price of property in the capital is £481,820 in comparison with the average for England and Wales of £181,619.
Key regional observations
— The region with the most significant annual price increase is London with a movement of 9.2 per cent.
— Yorkshire & The Humber saw the lowest annual price increase of 1.4 per cent.
— The North East experienced the greatest monthly price rise with a movement of 3.0 per cent.
— Yorkshire & The Humber also saw the largest monthly price decrease with a fall of 0.9 per cent.
Key metropolitan district observations
— The metropolitan district with the largest annual price increase is Trafford rising by 9.1 per cent.
— Both Trafford and Sefton experienced the highest monthly price rise with an increase of 1.6 per cent.
— Bolton saw the greatest annual price fall with a movement of -1.6 per cent.
— Walsall saw the greatest monthly price fall with a movement of -1.8 per cent
Key London borough observations
— The borough with the highest annual price rise is Newham, with a movement of 16.0 per cent.
— Hounslow experienced the highest monthly price increase, with a movement of 2.5 per cent.
— Kensington and Chelsea saw the lowest annual growth of 0.7 per cent. — Both Kensington and Chelsea and Sutton experienced the greatest monthly fall with a movement of -1.1 per cent.
Sales volumes
— In the months January 2015 to April 2015, sales volumes averaged 57,918 transactions per month. This is a decrease from the same period a year earlier, when sales volumes averaged 66,949 per month.
Repossession volumes
— In the months January 2015 to April 2015, repossession volumes averaged 643 per month. This is a fall compared to the same period a year earlier, when volumes averaged 1,041 per month.
— Repossession volumes appear to be exhibiting a downward trend
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