Property price report
Property price report
The Land Registry published its quarterly residential property price report,covering the period October-December 2000. The report compares average prices and volume of sales with those for the same period in 1999. It also gives a breakdown of the average sale prices of old and new properties, by property type.
The following information is contained in the report:
- 1.
England and Wales:
The average price increased by 10.10 per cent from £96,867 in 1999 to£106,452 for the same period in 2000 (excluding sales under £10,000 and over £1m) (see Table I).
All economic regions in England and Wales showed an increase in average prices.
The volume of sales decreased by 3.62 per cent from 245,876 in 1999 to 236,985 for the same period in 2000.
- 2.
Greater London:
- 3.
The average property price increased by 12.89 per cent from £157,624 in 1999 to £177,949 for the same period in 2000 (excluding sales under£10,000 and over £1m) (see Table I).
The volume of sales decreased by 14.50 per cent from £35,327 in 1999 to 30,205 for the same period in 2000.
478 properties over £1 million were sold.
Average property price increases ranged from 26 per cent in Lambeth to 3 per cent in Hounslow.
Table 1Average price bu county and region
All Reports since January-March 2000 include sales of under £10,000 and over £1 million. The Land Registry started collecting property price data in the first quarter of 1995. It holds no data prior to that date.
The Land Registry's Website, www.landreg.gov.uk contains a full copy of this new report and all previous reports. It also offers an online service, providing residential property prices and volumes of sales, broken down by property type,for the whole of England and Wales. Property price data are also available via our WAP service.
The sales included in the report relate to the transfer for full market value of the ownership of freehold or long leasehold properties, whether or not the purchase was supported by a mortgage. The price data are actual, unadjusted averages drawn from the great majority of all residential sales in England and Wales completed during the period.
This Land Registry report is intended to complement information available from other sources. If you make any comparison with other data you should consider the differences in volume, timeliness and coverage of contributing transactions.
The Land Registry's Property Information Centre also provides reports that show aggregated data for any local authority district in England and Wales,postcode area (e.g. GL), postcode district (e.g. GL1), or postcode sector(e.g.GL12). There is a fee for this service.
HM Land Registry is a government executive agency and trading fund responsible to the Lord Chancellor which keeps and maintains the Land Register for England and Wales. Its main purpose is to register title to land and to record dealings once the land is registered. Established in 1862, it is required by statute to be self-financing and makes no call on public funds.
