Vital statistics

  • Annual house price in July was +3.3% – it was 3.1% pa in June (says ONS)
  • Average house price in July was £255,000 (says ONS)
  • Average asking price in August £245,495 up 4.5% pa (says Rightmove)
  • Average price paid by a first time buyer was £183,000 (says ONS)
  • Nº of homes sold in July across UK 79k – 75k in July 2012 (says HMRC)
  • Average sold price in London up 6.3% in July (says Land Registry) whilst average asking price was up 10.2% (said Rightmove)
  • Nº of months of unsold inventory – 11
  • Chances of selling in the next month – 9%. Was 10% in March.
  • Average 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 increase 3%pa in August to £851pcm – (says HomeLet)
  • Renting in London now costs £1,316pcm on average, 1.5% higher than July. – (says HomeLet)
  • Average sale prices in England & Wales still 11% below their peak in Nov 2007 (says Land Registry) whilst average asking prices are 2.9% above their peak reached in Apr 2008 (according to Rightmove)