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House Price Index, September 2010

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House Price Index, September 2010

The latest House Price Index produced by the Department for Communities and Local Government was released on 16th November 2010, according to the arrangements approved by the UK Statistics Authority.

Statistics on Average House Prices and Annual House Price Inflation include data for the United Kingdom and its Government Office Regions for the period September 2010. The latest release updates the statistics previously released on 12th October 2010.

The House Price Index (HPI) is calculated by the Department for Communities and Local Government, as a monthly series of changes in house prices since February 2002 across the different regions of the UK (including Wales).  The data are experimental and are not currently seasonally adjusted - month-on-month comparisons should therefore be treated with caution.

House price figures for July and August 2010 have been revised from those published previously.

The key points from the latest release are:

  • Over the year to September 2010, the HPI in Wales increased by 8.8 per cent, compared with an annual increase to August 2010 of 5.5 per cent.
  • Across the UK as a whole, the HPI increased by 6.1 per cent over the year to September 2010, compared with an annual increase to August 2010 of 8.1 per cent.
  • Comparing September 2010 with August 2010 (not seasonally adjusted), annual house prices increased in Wales, but decreased across the UK as a whole.
  • The average house price* in Wales in September 2010 was £154,655, the fourth lowest figure amongst the regions of the UK (higher only than the North East, Yorkshire and Humberside and the North West).
  • The average house price* in the UK in September 2010 was £211,815 whilst the UK figure, excluding London and the South East, was £176,410.

Notes:

*Mix-adjusted house prices which take account of the different mix of properties sold in the period in question and are thus unaffected by varying sales of particular property types in one period when compared to another.

Further information

Communities and Local Government website: House Price Index, September 2010

Contact

Tel: 029 2082 3295
E-mail: stats.housing@wales.gsi.gov.uk

Next update

December 2010 (provisional - to be confirmed on the 'Due Out Soon' page)