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Land Registry today (9 February) published its latest quarterly residential property price report, covering the period October -December 2003.
The Land Registry bases its reports on completed house sales, so it is less up to date but arguably more accurate than other surveys.
The following information is contained in the report:
England and Wales
- The average price increased by 12.62% from £145,251 in 2002 to £163,584 for the same period in 2003.
- All economic regions in England and Wales showed an increase in average prices.
- The volume of sales increased by 2% from 295,503 in 2002 to 301,405 for the same period in 2003.
Greater London
- The average property price increased by 7.78% from £241,838 in 2002 to £260,659 for the same period in 2003.
- The volume of sales decreased by 1.73% from 36,822 in 2002 to 36,185 for the same period in 2003.
- 760 properties over £1 million were sold.
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Average price by country and region |
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Country/region |
Oct - Dec 2002 Ave. Price |
Oct-Dec 2003 Ave. Price |
% increase |
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England & Wales |
£145,251 |
£163,584 |
12.62 |
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Wales |
£89,342 |
£111,272 |
24.55% |
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Yorks & Humber |
£91,281 |
£112,351 |
23.08% |
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North |
£82,940 |
£102,074 |
23.07% |
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North west |
£91,458 |
£110,136 |
20.42% |
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East midlands |
£110,853 |
£132,893 |
19.88% |
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West midlands |
£118,504 |
£139,227 |
17.49% |
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East Anglia |
£138,346 |
£155,364 |
12.30% |
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South west |
£157,043 |
£176,093 |
12.13% |
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South east |
£187,830 |
£205,109 |
9.20% |
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Greater London |
£241,838 |
£260,659 |
7.78% |
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