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