The UK House Price Index (UK HPI) published 20th March shows that house price changes for England, Scotland, Wales and Northern Ireland are down since December 2017, but the annual rise (year-to-date) is positive at 4.9 per cent.
The January 2018 data shows:
- an annual price rise of 4.9%, which makes the average property in the UK valued at £225,621
- on average, house prices have fallen by 0.3% since December 2017
Data for England alone shows:
- house prices have fallen by 0.5% since December 2017
- an annual price rise of 4.6% takes the average property value to £242,286
The regional data for England indicates that:
- the South West experienced the greatest monthly price rise, up by 1.4%
- the North East saw the most significant monthly price fall, down by 5.5% and
- London experienced a monthly price rise, up by 1%
The chart below (Source: HM Land Registry) gives a region by region breakdown of average house prices (January 2018) and price changes since December 2017:
Repossession Sales in England
Figures for repossession sales by volume for England show the lowest number of repossession sales in November 2017 was in the East of England, with the highest number of repossession sales occurring in November 2017 was in the North West.©LandlordZONE® – legal content applies primarily to England and is not a definitive statement of the law, always seek professional advice.