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 |