What’s happening to property prices to date?

Even though we are continually hearing about house prices changing, contrary to media reports, there has been very little movement to national average property prices over the past couple of years, as the chart and analysis shows.

Chart showing Average Property Prices December 2011 to December 2012 in England and Wales

Key facts about average property prices in England and Wales from December 2011 to December 2012:-

National Averages

• An ‘average property’ price for mortgaged properties has fluctuated between £161k – £166k for Nationwide
• Average property prices, including cash sales, by the Land Registry varied slightly between £159k and £163k
• Average property prices for all properties from Acadametrics shows a range between £218k and £227k
• Property prices in December, on average, are approximately:-

• 7.1% above the lows of 2009 for Land Registry
• 9.8% above the lows of 2009 for Nationwide
• 13.5% above the lows of 2009 for Acadametrics

• Land Registry average property prices December 2012 versus January 2011 have only changed by -0.6%
• Nationwide average property prices December 2012 versus January 2011 have only changed by 0.4%
• Acadametric’s average property prices December 2012 versus January 2011 have only changed by 2.1%

Read the complete detailed property price report, which includes:-

• What’s happening to prices to date?
• Regional price analysis
• What’s happening in the towns and cities?
• What’s happening to prices currently?
• Will 2013 prove a turning point in the property market?

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