Please Note: This Article is 5 years old. This increases the likelihood that some or all of it's content is now outdated.

The UK House Price Index shows house price changes for England, Scotland, Wales and Northern Ireland, and the June data shows an annual price increase of 8.7%. This takes the average property value in the UK to £213,927.

In England the rise was higher with the June 2016 data showing an annual price increase of 9.3%. This takes the average property value in England to £229,383, with a monthly house prices rise of 0.8% since May 2016.

In Wales the annual price increase was 4.9% which takes the average Welsh property value to £145,238. The monthly rise was 1.2% since May 2016.

London once again shows the biggest annual price increase at 12.6%, which takes the average property value in London to £472,204. The monthly London house prices rose by 0.2% since May 2016.

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UK House Price Index regional data shows:

  • East of England experienced the greatest increase in its average property value over the last 12 months with a movement of 14.3%
  • the South East experienced the greatest monthly growth with an increase of 1.5%
  • the North East saw the lowest annual price growth with an increase of 1.5%
  • the West Midlands and the North East each saw the most significant monthly price fall with a movement of -0.2%

Following a strong increase in sales in March, UK home sales fell by 55.4% in April 2016, recovering slightly in May and June 2016. Sales during April 2016, the most up-to-date Land Registry figures available, show that:

  • the number of completed house sales in England fell by 33.4% to 42,938 compared with 64,467 in April 2015
  • the number of completed house sales in Wales fell by 26% to 2,394 compared with 3,237 in April 2015
  • the number of completed house sales in London fell by 49.7% to 4,368 compared with 8,678 in April 2015
  • there were 169 repossession sales in England in April 2016
  • there were 20 repossession sales in Wales in April 2016
  • the lowest number of repossession sales in England and Wales in April 2016 was in London

See the full report here

Please Note: This Article is 5 years old. This increases the likelihood that some or all of it's content is now outdated.

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