In England, the November data shows an annual price increase of 7.2% which takes the average property value to £234,278. Monthly house prices have risen by 1.1% since October 2016.
Wales shows an annual price increase of 4.1% which takes the average property value to £146,742. Monthly house prices have fallen by 0.2% since October 2016.
London shows an annual price increase of 8.1% which takes the average property value to £481,648. Monthly house prices have risen by 1.8% since October 2016.
The regional data indicates that:
the East of England experienced the greatest increase in its average property price over the last 12 months with a movement of 10.5%
the West Midlands 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 3.2%
the South East saw the most significant monthly price fall with a movement of 0.3%.
Home sales in the UK (pdf, 788kb) increased by 0.8% between October and November 2016 which is 7.3% lower than November 2015. See the economic statement .
Sales during September 2016, the most up-to-date Land Registry figures available, show that:
the number of completed house sales in England fell by 22% to 64,311 compared with 82,452 in September 2015
the number of completed house sales in Wales fell by 10.4% to 3,492 compared with 3,896 in September 2015
the number of completed house sales in London fell by 39.5% to 6,698 compared with 11,065 in September 2015
there were 607 repossession sales in England in September 2016
there were 63 repossession sales in Wales in September 2016
the lowest number of repossession sales in England and Wales in September 2016 was in the East of England.
Access the full November UK HPI
Price change by region for England
England by region
Monthly change % since October 2016
Annual change % since November 2015
Average price November 2016
East Midlands
1.7
7.3
£176,524
East of England
0.9
10.5
£278,349
London
1.8
8.1
£481,648
North East
1.3
3.2
£126,989
North West
1.1
5.2
£150,249
South East
0.3
8.6
£313,334
South West
0.5
5.7
£239,371
West Midlands
2.2
7.4
£181,372
Yorkshire and The Humber
1.1
5.1
£152,418
Average price by property type for England
Average price by property type (England)
November 2016
November 2015
Difference %
Detached
£355,920
£328,957
8.2
Semi-detached
£216,234
£202,221
6.9
Terraced
£187,578
£176,903
6.0
Flat/maisonette
£221,917
£204,910
8.3
All
£234,278
£218,500
7.2
Price change for Wales
Wales
Monthly change % since October 2016
Annual change % since November 2015
Average price November 2016
Wales
-0.2
4.1
£146,742
Average price by property type for Wales
Average price by property type (Wales)
November 2016
November 2015
Difference %
Detached
£224,563
£212,956
5.5
Semi-detached
£140,944
£135,561
4.0
Terraced
£112,419
£109,160
3.0
Flat/maisonette
£105,151
£100,918
4.2
All
£146,742
£140,974
4.1
Average price by property type for London
Average price by property type (London)
November 2016
November 2015
Difference %
Detached
£890,320
£828,661
7.4
Semi-detached
£566,914
£528,318
7.3
Terraced
£490,560
£458,454
7.0
Flat/maisonette
£431,235
£395,612
9.0
All
£481,648
£445,485
8.1
Sales volumes for England
Month
Sales 2016 England
Sales 2015 England
Difference %
August
67,396
84,565
-20.3
September
64,311
82,452
-22.0
Sales volumes for Wales
Month
Sales 2016 Wales
Sales 2015 Wales
Difference %
August
3,558
4,025
-11.6
September
3,492
3,896
-10.4
Sales volumes for London
Month
Sales 2016 London
Sales 2015 London
Difference %
August
6,607
10,881
-39.3
September
6,698
11,065
-39.5
Funding, buyer and building status for England
England
Monthly price change % since October 2016
Annual price change % since November 2015
Average price November 2016
Cash
1.1
6.8
£220,228
Mortgage
1.1
7.4
£241,357
First time buyer
1.1
7.1
£196,379
Former owner occupier
1.1
7.3
£266,031
New build
11.1
28.7
£332,238
Existing resold property
0.4
5.8
£228,202
Funding, buyer and building status for Wales
Wales
Monthly price change % since October 2016
Annual price change % since November 2015
Average price November 2016
Cash
-0.3
3.5
£142,880
Mortgage
-0.1
4.4
£149,035
First time buyer
-0.4
3.7
£126,384
Former owner occupier
0.0
4.5
£170,541
New build
10.3
26.8
£221,705
Existing resold property
-0.9
2.7
£142,631
Funding, buyer and building status for London
London
Monthly price change % since October 2016
Annual price change % since November 2015
Average price November 2016
Cash
3.0
8.6
£512,586
Mortgage
1.4
8.0
£472,192
First time buyer
1.8
8.3
£421,553
Former owner occupier
1.7
8.0
£543,017
New build
10.5
27.4
£561,246
Existing resold property
1.0
6.6
£475,390
Repossession
Repossession sales
September 2016
East Midlands
64
East of England
9
London
34
North East
80
North West
162
South East
48
South West
39
Yorkshire and The Humber
99
West Midlands
72
England
607
Wales
63
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