By collecting together the monthly statistics published by HM Land Registry, Halifax, Office for National Statistics, Rightmove and HMRC I can show you the trends in the housing market – at the top of the market, in London and across the Uk. With publication earlier today of the Land Registry ‘sold’ data I can now present ‘the Month in Numbers.
- Annual house price inflation in April was +2.6% – it was 2.7% pa in March (says ONS)
- Average house price in March was £238,000 (says ONS)
- Ave asking price in May £249,841 up 2.5% pa and up 2.1% on April (says Rightmove) but up 10% so far this year.
- Nº of homes sold in April across UK 79k – 69k in April 2012 (says HMRC)
- Nº of months of unsold inventory – 12
- Chances of selling in the next month – 8%. Was 10% in March.
- Ave price paid by a First-Time Buyer was £175,000 in March compared to £170,000 last year (says ONS)
- The average cost of renting a home in the UK decreased 0.7%pa in April to £787pcm – (says HomeLet) but 2.5% higher than May 2012
- Renting in London now costs £1,233pcm on average, 3.1% higher than a year ago. – (says HomeLet)
- Average sale prices in England & Wales still 11% below their peak in Nov 2007. They are 15% across Wales and 20% below in the North West (says Land Registry)
- 1 in 12 home owners with a mortgage in the UK (719k) is in negative equity (CML via G Norwood)
