House Price Index: September 2009

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 2009. The latest release updates the statistics previously released on 13 October 2009.

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 2009 have been revised from those published previously.

The key points from the latest release are:

• Over the year to September 2009, the HPI in Wales decreased by 6.7 per cent, compared with an annual decrease to August 2009 of 5.2 per cent (r).
• Across the UK as a whole, the HPI decreased by 4.1 per cent over the year to September 2009, compared with an annual decrease to August 2009 of 5.6 per cent (r).
• Comparing September 2009 with August 2009 (not seasonally adjusted), annual house prices decreased in Wales, but increased across the UK as a whole.
• The average house price* in Wales in September 2009 was £147,791, the second lowest figure amongst the regions of the UK (higher only than the North East).
• The UK average house price* stood at £199,303, whilst the UK figure excluding London and the South East was £168,765.

*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.
(r) Revised September 2009.

The full release is available on the DCLG website.

Contact

Tel: 029 2082 5055
E-mail: stats.housing@wales.gsi.gov.uk

Next update

December 2009 (provisional – to be confirmed on the Due Out Soon page)