The UK House Price Index, which shows house price changes for England, Scotland, Wales and Northern Ireland, has shown an increase of 4.9% for June 2017.
The June data shows an annual price increase of 4.9% which takes the average property value in the UK to £223,257.
House prices have risen by 0.8% since May 2017 while the monthly index figure for the UK was 117.1
In England, an annual price increase of 5.2% took the average property value to £240,325. Monthly house prices have risen by 0.8% since May 2017
In Wales, an annual price increase of 3.6% takes the average property value to £151,672. Monthly house prices have risen by 2.9% since May 2017
In London the annual price increase was 2.9% which takes the average property value to £481,556. Monthly house prices have fallen by 0.7% since May 2017
The regional data indicates that:
the East of England experienced the greatest increase in average property price over the last 12 months, with a movement of 7.2%
Yorkshire and the Humber experienced the greatest monthly price growth with an increase of 2.2%
the North East saw the lowest annual price growth with an increase of 2.5%
London saw the most significant monthly price fall of 0.7%
The UK Property Transaction statistics showed that in June 2017 the number of seasonally adjusted property transactions completed in the UK with a value of £40,000 or above increased by 1% compared with June 2016. Comparing June 2017 with May 2017, property transactions fell by 3.3%. See the economic statement.
Sales during April 2017, the most up-to-date HM Land Registry figures available, show that:
- the number of completed house sales in England rose by 1.6% to 53,410 compared with 52,590 in April 2016
- the number of completed house sales in Wales rose by 9.9% to 3,101 compared with 2,822 in April 2016
- the number of completed house sales in London rose by 1.3% to 5,823 compared with 5,746 in April 2016
- there were 510 repossession sales in England in April 2017
- there were 52 repossession sales in Wales in April 2017
- the lowest number of repossession sales in England and Wales in April 2017 was in the East of England