Land Registry December 2015 Market data

The Land Registry for residential property prices in England and Wales has released its monthly market trend data to December 2015. The December data shows an annual price increase of 6.4% which takes the average property value in England and Wales to £188,270.

The data shows monthly house prices rose by 1.2% since November 2015. The regional data indicates that:

London as would be expected 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%

In comparison 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. This compares 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

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