April Market Trend Data from Land Registry

By Bridging Loan Directory -

 

  • April house prices down 0.3 per cent since March: average house price in England and Wales now £160,417
  • South East tops the table of regional applications with 233,486 in April
  • Over 51,000 residential property sale prices in England and Wales lodged for registration in April ranging from £8,000 to £55 million

 

The April data from Land Registry’s flagship House Price Index shows an annual price decrease of 1.0 per cent which takes the average property value in England and Wales to £160,417. The monthly change from March to April is a decrease of 0.3 per cent.

 

  • The region in England and Wales which experienced the highest increase in its average property value over the last 12 months is London with a movement of 5.1 per cent.
  • London also experienced the greatest monthly rise with an increase of 5.1 per cent.
  • Yorkshire & The Humber experienced the greatest annual price fall with a decrease of 5.6 per cent.
  • West Midlands saw the most significant monthly price fall with a decrease of 2.7 per cent.
  • The most up-to-date figures available show that during February 2012, the number of completed house sales in England and Wales increased by 9 per cent to 43,331 compared with 39,670 in February 2011.
  • The number of properties sold in England and Wales for over £1 million in February 2012 decreased by 3 per cent to 462 from 478 in February 2011.

 

Access the full dataset: http://www.landregistry.gov.uk/public/house-prices-and-sales

Region Monthly change
(since March 2012)
Annual change
(since April 2011)
Average price
(April 2012)
London 5.1% 5.1% £360,721
South West 2.0% 0.5% £174,261
South East 0.1% 0.4% £206,816
East 0.1% 0.5% £173,357
Wales -0.1% -4.6% £114,762
England & Wales -0.3% -1.0% £160,417
East Midlands -0.3% -1.1% £123,429
North West -1.3% -3.2% £110,954
North East -2.1% -3.3% £101,034
Yorkshire & The Humber 0.6% -5.6% £115,783
West Midlands -0.7% -4.1% £126,527

 

Average prices by property type (England and Wales) April 2012 April 2011 Difference
Detached £257,767 £255,093 1.0%
Semi-detached £151,073 £153,073 -1.3%
Terraced £120,862 £123,473 -2.1%
Flat/maisonette £149,508 £151,879 -1.6%
All £160,417 £162,019  -1.0%

 

Month Sales 2011 (England and Wales) Sales 2010 (England and Wales) Difference 
January 37,592 35,876 5%
February 39,670 42,572 -7%
March 46,725 51,457 -9%
April 50,698 52,330 -3%
May 48,943 52,229 -6%
June 57,645 62,774 -8%
July 62,237 67,521 -8%
August 64,298 61,511 5%
September 63,391 57,504 10%
October 57,768 58,667 -2%
November 60,055 56,344 7%
December 62,955 56,891 11%
Total 651,977 655,676 -1%

 

Month Sales 2012 (England and Wales) Sales 2011 (England and Wales) Difference 
January 43,058 37,592 15%
February 43,331 39,670 9%

The Transaction Data shows Land Registry received over 1 million applications from all its customers (account and non-account) in April. This includes 931,857 applications by account customers, of which:

  • 229,615 were applications in respect of registered land (dealings)
  • 500,063 were applications to obtain an official copy of a register or title plan
  • 131,252 were searches
  • 57,091 were transactions for value.

Access the full dataset: http://www.landregistry.gov.uk/professional/market-trend-data/public-data/transaction-data

Top three customers Transactions for value
Stevensons 6,810
My Home Move Ltd 1,368
Countrywide Property Lawyers 1,353

 

Top three customers Searches
Enact 5,296
Optima Legal Services 4,501
NLIS Operations 3,457

 

Top three local authorities Applications
City of Westminster 15,597
Birmingham 15,161
Cornwall 12,300

 

Region Applications
South East 233,486
Greater London 178,370
North West 113,150
South West 101,796
West Midlands 84,997
Yorks & Humber 83,047
East Midlands 71,393
Wales 50,139
North 48,753
East Anglia 40,693
Isles of Scilly 39
England & Wales (not assigned) 29
England & Wales 1,005,892

The Price Paid Data includes details of over 51,000 residential property sales in England and Wales that were lodged for registration in April 2012.

The most expensive property sold for just under £55 million in March 2012 and is located in central London; the cheapest property is in Colne, Lancashire and sold for £8,000 in March 2012. Access the full dataset athttp://www.landregistry.gov.uk/professional/market-trend-data/public-data/price-paid-data