East Midlands tops house price index for price increases the last twelve months

Rochester show homes at Woodhouse Park in Nottingham
Rochester show homes at Woodhouse Park in Nottingham

Data released today by the Land Registry shows that the East Midlands had the highest average house price increase for the year to October 2017.

England

The data for England shows:

  • an annual price rise of 4.7% which takes the average property value to £240,860
  • house prices have fallen by 0.6% since September 2017
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The regional data indicates that:

  • the East Midlands experienced the greatest rise in average property price over the last 12 months, up by 7%
  • the East Midlands and the South West experienced the greatest monthly price rise, both up by 0.2%
  • London saw the lowest annual price rise, up by 2.1%
  • the North West saw the most significant monthly price fall, down by 2%
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Sales volumes for England

The most up-to-date HM Land Registry sales figures available for England show:

  • the number of completed house sales in August 2017 fell by 12% to 70,117 compared with 79,655 in August 2016
  • there were 544 repossession sales in August 2017

The October data shows:

  • an annual price rise of 4.5%, which takes the average property value in the UK to £223,807
  • house prices have fallen by 0.5% since September 2017

 

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