The December data shows an annual price increase of 6.4% which takes the average property value in England and Wales to £188,270. Monthly house prices rose by 1.2% since November 2015.

The regional data indicates that:

  • London experienced the greatest increase in its average property value over the last 12 months with a movement of 12.4%
  • London also experienced the greatest monthly growth with an increase of 2.1%
  • the North East saw the lowest annual price growth with an increase of 0.8%
  • Wales saw the most significant monthly price fall with a decrease of 0.8%

Sales and repossessions during October 2015, the most up-to-date figures available, show that:

  • the number of completed house sales in England and Wales fell by 8% to 79,960 compared with 86,452 in in October 2014
  • the number of properties sold in England and Wales for more than £1 million fell by 2% to 1,231 from 1,258 a year earlier
  • repossessions in England and Wales fell by 51% to 431 compared with 888 in October 2014
  • the region with the greatest fall in the number of repossession sales was London with a fall of 71% from October 2014

Access the full December HPI report.

Price change by region

Region Monthly change since November 2015 Annual change since December 2014 Average price December 2015
London 2.1% 12.4% £514,097
East 1.7% 10.6% £218,837
England and Wales 1.2% 6.4% £188,270
Yorks and Humber 1.2% 3.8% £125,492
South East 1.1% 9.5% £261,581
West Midlands 1.1% 4.8% £142,731
North West 0.9% 5.0% £116,152
South West 0.8% 6.8% £196,134
East Midlands -0.3% 4.2% £137,171
North East -0.7% 0.8% £99,069
Wales -0.8% 3.4% £121,780

Average price by property type 2015 to 2014

Average price by property type (England and Wales) December 2015 December 2014 Difference
Detached £294,410 £278,341 5.8%
Semi-detached £178,140 £167,019 6.7%
Terraced £141,998 £133,360 6.5%
Flat/maisonette £180,598 £169,732 6.4%
All £188,270 £176,952 6.4%

Sales volumes 2014 to 2013

Month Sales 2014
England and Wales
Sales 2013
England and Wales
Difference
January 65,268 43,435 50%
February 65,078 45,305 44%
March 67,418 54,779 23%
April 70,364 51,102 38%
May 77,607 66,414 17%
June 80,945 66,255 22%
July 84,761 73,798 15%
August 87,939 79,571 11%
September 78,916 69,780 13%
October 86,452 76,742 13%
November 73,250 82,944 -12%
December 78,109 79,726 -2%
Total 916,107 789,851 16%

Sales volumes 2015 to 2014

Month Sales 2015
England and Wales
Sales 2014
England and Wales
Difference
January 56,829 65,268 -13%
February 57,930 65,078 -11%
March 65,365 67,418 -3%
April 62,409 70,364 -11%
May 71,947 77,607 -7%
June 80,800 80,945 0%
July 88,587 84,761 5%
August 79,416 87,939 -10%
September 74,802 78,916 -5%
October 79,960 86,452 -8%

Repossessions by region 2015 to 2014

Repossessions by region October 2015 October 2014 Difference
East 21 65 -68%
East Midlands 31 77 -60%
London 24 82 -71%
North East 13 25 -48%
North West 112 208 -46%
South East 49 90 -46%
South West 30 56 -46%
Wales 41 78 -47%
West Midlands 38 64 -41%
Yorkshire and The Humber 72 143 -50%
All 431 888 -51%

Access December Price Paid Data dataset.