Menu
28/11/2011
2011 House Prices Down 3%
Britain's house prices have tumbled by another 3% this year according to official figures published on Monday morning.
The October data from Land Registry's flagship House Price Index showed an annual price decrease of 3.2%, which takes the average property value in England and Wales to £159,999.
September to October of this year saw a decrease of almost 1%, continuing the negative monthly price change seen in September.
The only region in England and Wales to experience an increase in its average property value over the last 12 months is London with a movement of 0.3% where the East experienced the greatest monthly rise with a movement of 0.7%. The North East experienced the greatest annual price fall with a decrease of 7.2%.
The index revealed that the most up-to-date figures available show that during August 2011, the number of completed house sales in England and Wales increased by 1% to 62,010 from 61,469 in August 2010.
The number of properties sold in England and Wales for over £1 million in August 2011 decreased by 7% to 714 from 764 in August 2010.
On Friday Jack Dromey, Labour's Shadow Housing Minister, said Britain was undergoing the worst housing crisis in a generation saying there were millions in need of a "decent home" who saw only fifty-six affordable homes started in London, one in the East of England and none in the North West.
"David Cameron’s Government has no answers, they have committed to giving back only 10% of last year's £4 billion cut to Labour’s housing investment programme to build just 3,200 affordable homes."
(DW)
The October data from Land Registry's flagship House Price Index showed an annual price decrease of 3.2%, which takes the average property value in England and Wales to £159,999.
September to October of this year saw a decrease of almost 1%, continuing the negative monthly price change seen in September.
The only region in England and Wales to experience an increase in its average property value over the last 12 months is London with a movement of 0.3% where the East experienced the greatest monthly rise with a movement of 0.7%. The North East experienced the greatest annual price fall with a decrease of 7.2%.
The index revealed that the most up-to-date figures available show that during August 2011, the number of completed house sales in England and Wales increased by 1% to 62,010 from 61,469 in August 2010.
The number of properties sold in England and Wales for over £1 million in August 2011 decreased by 7% to 714 from 764 in August 2010.
On Friday Jack Dromey, Labour's Shadow Housing Minister, said Britain was undergoing the worst housing crisis in a generation saying there were millions in need of a "decent home" who saw only fifty-six affordable homes started in London, one in the East of England and none in the North West.
"David Cameron’s Government has no answers, they have committed to giving back only 10% of last year's £4 billion cut to Labour’s housing investment programme to build just 3,200 affordable homes."
(DW)
Related UK National News Stories
Click here for the latest headlines.
15 October 2013
ONS Figures Show Record High For House Prices
According to new figures from the Office for National Statistics (ONS), UK house prices reached a record high in August, standing at 185.8. The average house price is now at its highest since the house price index was established in 1968, peaking at £247,000, according to the ONS.
ONS Figures Show Record High For House Prices
According to new figures from the Office for National Statistics (ONS), UK house prices reached a record high in August, standing at 185.8. The average house price is now at its highest since the house price index was established in 1968, peaking at £247,000, according to the ONS.
12 October 2010
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
02 June 2005
UK house price rise continues to level off
According to the latest survey on house prices, growth in the sector has slowed to its lowest level in almost a decade. The report from the Nationwide Building Society has revealed that house prices have risen by just 5.5% in the year ending May, the lowest year-on-year increase since August 1996.
UK house price rise continues to level off
According to the latest survey on house prices, growth in the sector has slowed to its lowest level in almost a decade. The report from the Nationwide Building Society has revealed that house prices have risen by just 5.5% in the year ending May, the lowest year-on-year increase since August 1996.
27 August 2010
England & Wales House Prices Rising
Property values have stabilised and last month even showed a small rise - with London houses topping the poll. The July data from Land Registry's flagship House Price Index shows an annual price increase of 6.7%, which takes the average property value in England and Wales to £166,798. The monthly change from June to July is an increase of 0.4%.
England & Wales House Prices Rising
Property values have stabilised and last month even showed a small rise - with London houses topping the poll. The July data from Land Registry's flagship House Price Index shows an annual price increase of 6.7%, which takes the average property value in England and Wales to £166,798. The monthly change from June to July is an increase of 0.4%.
29 September 2011
House Prices Stand Still
House prices in England and Wales have come to a halt according to the latest data from the Land Registry's House Price Index. The results showed the average house prices dropped by 0.3% in August to £162,347, 2.6% lower than last year.
House Prices Stand Still
House prices in England and Wales have come to a halt according to the latest data from the Land Registry's House Price Index. The results showed the average house prices dropped by 0.3% in August to £162,347, 2.6% lower than last year.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
