Keywords
Citation
(2001), "Property price report", Property Management, Vol. 19 No. 2. https://doi.org/10.1108/pm.2001.11319bab.019
Publisher
:Emerald Group Publishing Limited
Copyright © 2001, MCB UP Limited
Property price report
Property price report
Keywords Land registry, Property, Prices
The Land Registry published its quarterly residential property price report, covering the period July-September 2000, which compares average prices and volume of sales with those for the same period in 1999. lt also gives a breakdown of the average sale prices of old and new properties, by property type (Table III).
Table III
Average price by country and region
The following information is contained in the report:
England and Wales
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The average price increased by 9.46 per cent from £97,616 in 1999, to £106,850 for the same period in 2000 (excluding sales under £10,000 and over £1m).
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All economic regions in England and Wales showed an increase in average prices.
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The volume of sales decreased by 6.89 per cent from 256,820 in 1999, to 239,114 for the same period in 2000.
Greater London
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The average property price increased by 14.14 per cent from £155,662 in 1999, to £177,665 for the same period in 2000 (excluding sales under £10,000 and over £1 m).
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The volume of sales decreased by 19.93 per cent from 39,409 in 1999, to 31,553 for the same period in 2000.
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In total, 335 properties over £1 million were sold.
As with the report from January-March 2000, sales of under £10,000 and over £1 million are now included. The Land Registry started collecting property price data in the first quarter of 1995. It holds no data prior to that date.
The Land Registry's Web site: www.landreg.gov.uk, contains a full copy of this new report and all previous reports. It also offers an online service, providing residential property prices and volumes of sales, broken down by property type, for the whole of England and Wales. Property price data are also available via our WAP service.
The sales included in the report relate to the transfer for full market value of the ownership of freehold or long leasehold properties, whether or not the purchase was supported by a mortgage. The price data are actual, unadjusted averages drawn from the great majority of all residential saies in England and Wales completed during the period.
This Land Registry report is intended to complement information available from other sources. If you make any comparison with other data you should consider the differences in volume, timeliness and coverage of contributing transactions.
The Land Registry's Property Information Centre also provides reports that show aggregated data for any local authority district in England and Wales, postcode area (e.g. GL), postcode district (e.g. GL1 ), or postcode sector (e.g. GL12). There is a fee for this service.
HM Land Registry is a government executive agency and trading fund responsible to the Lord Chancellor which keeps and maintains the Land Register for England and Wales. Its main purpose is to register title to land and to record dealings once the land is registered.