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PROPERTY PRICE REPORT SHOWS 10.83% INCREASE IN PRICES

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Average house price in England and Wales now£117,398 ...
Average house price in England and Wales now£117,398

The Land Registry today published its latest quarterly

residential property price report, covering the period April - June

2001, in electronic format only on its website.

This is a new service and enables the registry to publish its data

three weeks earlier than usual. Printed copies will be available from

Wednesday 29 August.

The report compares average prices and volume of sales with those for

the same period in 2000. 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:

England and Wales

- The average price increased by 10.83% from£105,924 in 2000 to

£117,398 for the same period in 2001

- All economic regions in England and Wales showed an increase in

average prices

- The volume of sales increased by 14.62% from 232,548 in 2000 to

266,536 for the same period in 2001

Greater London

- The average property price increased by 6.65% from£193,004 in 2000

to£205,831 for the same period in 2001

- 516 properties over£1m were sold in comparison with 293 for

the same period in 2000

AVERAGE PRICE BY COUNTRY AND REGION

COUNTRY/REGION APR-JUN 2000 APR-JUN 2001 % INCREASE

AVE. PRICE* AVE. PRICE*

ENGLAND & WALES £105,924 £117,398 10.83%

EAST MIDLANDS £72,132 £83,381 15.60%

WEST MIDLANDS £80,300 £92,377 15.04%

EAST ANGLIA £87,346 £100,413 14.96%

SOUTH WEST £102,535 £115,633 12.77%

SOUTH EAST £131,107 £147,617 12.59%

YORKS & HUMBER £64,983 £73,150 12.57%

NORTH WEST £66,944 £73,408 9.66%

NORTH £61,417 £65,773 7.09%

GREATER LONDON £193,004 £205,831 6.65%

WALES £64,767 £68,963 6.48%

ENDS

NOTES

1. This report is published today in electronic format on the Land

Registry's website. Printed copies will be

available from Wednesday 29 August 2001. The website also contains

all previous quarterly reports together with 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.

2. All reports since January-March 2000 include sales of under

£10,000 and over£1m. The Land Registry started collecting

property price data in the first quarter of 1995. It holds no data

prior to that date.

3. 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.

4. 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.

5. 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 (eg GL), postcode district

(eg GL1), or postcode sector (eg GL1 2). There is a fee for

this service.

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