Communities and Local Government written question – answered am ar 30 Ebrill 2009.
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.
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.
Yes1 person thinks so
No0 people think not
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