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Housing: Prices

Communities and Local Government written question – answered am ar 30 Ebrill 2009.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Grant Shapps Grant Shapps Shadow Minister (Communities and Local Government) (Housing and Planning), Co-Chair, Conservative Party

To ask the Secretary of State for Communities and Local Government what the average house price in 2008-09 prices was in each region in each of the last 10 years.

Photo of Iain Wright Iain Wright Parliamentary Under-Secretary (Department for Communities and Local Government)

Communities and Local Government currently have house price data up to February 2009. The following table shows regional mix-adjusted house prices at 2008 prices calculated using regional mix-adjusted average purchase prices of domestic dwellings based on data from the Regulated Mortgage Survey and the ONS Retail Prices Index.

Mix-adjusted house prices by region at 2008 prices
North East North West Yorkshire and the Humber East Midlands West Midlands East London South East South West England
1999 82,941 93,709 87,847 92,897 105,601 133,147 195,981 161,671 119,700 129,882
2000 84,002 98,285 90,077 101,231 116,109 149,740 220,384 185,690 133,954 144,212
2001 86,336 105,428 96,471 110,593 122,955 160,718 233,444 199,615 147,375 152,639
2002 100,440 120,837 114,733 135,939 147,042 192,915 252,299 228,651 178,940 175,645
2003 112,068 129,089 127,156 157,830 157,454 215,030 280,171 252,494 202,075 196,476
2004 139,511 153,762 151,038 174,117 178,050 226,865 295,987 262,001 220,237 212,829
2005 147,467 163,462 160,296 178,210 183,413 228,466 297,954 260,746 222,889 216,027
2006 151,239 165,471 165,459 176,246 184,173 229,153 305,163 260,942 224,470 217,616
2007 153,986 168,452 170,076 179,332 185,493 240,261 342,257 277,564 233,413 230,029
2008 144,528 157,685 159,253 166,079 172,059 228,737 331,454 265,829 218,281 218,327

In January of each year the mix adjustment weights are revised to reflect the pattern of property transactions during the previous three years. The mix-adjusted average prices for the rest of the year are then determined using the new weights. Consequently house prices between years cannot be compared because the years' weights are different.

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