Annual house prices in England and Wales fell by 8 per cent in September to prices last seen in autumn 2006, according to the latest figures from Land Registry. The average house price is now £168,814 which is also a decrease month-on-month of 2.2 per cent.

London also experienced a decrease in its average property value over the last 12 months, with a movement of -1.5 per cent, taking the average London house price to £328,927.

Hartlepool again experienced the highest annual change with an increase of 4.7 per cent, taking its average property price to £115,018.

The most up-to-date figures available show that during July 2008 the number of completed house sales fell by 57 per cent to 49,784 from 116,751 in July 2007.

For more information and to view the latest statistical release visit www1.landregistry.gov.uk/houseprices/

TABLES

Region         Monthly change (%) Annual change    Average price (£)
                                  (%)
Yorkshire &    -1.2               -7.7             £135,448
The Humber
London         -1.5               -6.1             £328,927
North West     -1.5               -6.3             £129,166
West Midlands  -1.8               -7.4             £142,906
East           -1.9               -8.4             £176,815
South West     -2.0               -9.7             £178,322
South East     -2.1               -7.7             £209,785
North East     -2.2               -8.3             £118,178
England and    -2.2               -8.0             £168,814
Wales
East Midlands  -2.7               -9.9             £133,175
Wales          -5.5               -10.7            £126,530


 Top ten areas         Average    Monthly change   Annual change
                       price (£)  (%)              (%)
 Windsor and           336,472    -0.6             1.0
 Maidenhead
 Greater London        328,927    -1.5             -6.1
 Surrey                300,967    -1.4             -2.2
 Wokingham             280,317    -1.2             -3.2
 Buckinghamshire       262,952    -1.5             -3.5
 Hertfordshire         244,171    -1.2             -2.0
 Oxfordshire           241,444    -0.6             -3.6
 Rutland               232,762    1.4              -1.1
 West Berkshire        231,399    -2.5             -5.8
 Dorset                224,221    -1.4             -3.8


Average prices by         September September 2007 Difference (%)
property type (England    2008
and Wales)
Detached                  £256,796  £277,136       -7.3
Semi-detached             £159,087  £172,687       -7.9
Terraced                  £131,044  £143,669       -8.8
Flat/maisonette           £160,090  £173,762       -7.9
All                       £168,814  £183,526       -8.0


Month        Sales 2008        Sales 2007 (England Difference (%)
             (England and      and Wales)
             Wales)
January      57,556            87,668              -34%
February     61,261            86,789              -29%
March        57,422            106,140             -46%
April        61,624            95,249              -35%
May          63,785            108,001             -41%
June         56,354            123,309             -54%
July         49,784            116,751             -57%

 

 

http://nds.coi.gov.uk/