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UK Dwelling Put Index for December 2020

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UK Dwelling Put Index for December 2020

The November information exhibits:

  • on sensible, home prices fill risen 1.2% since November 2020
  • there has been an annual sign upward push of 8.5% which makes the frequent property within the UK valued at £251,500

England

In England, the December information exhibits on sensible, home prices fill risen by 1.5% since November 2020. The annual sign upward push of 8.5% takes the frequent property sign to £269,150.

Early Newspaper

The regional information for England indicates that:

  • the East Midlands experienced the finest monthly sign upward push, up by 2.8%
  • London seen the bottom monthly sign affirm, with a fall of 1.1%
  • the North West experienced the finest annual sign upward push, up by 11.2%
  • London seen the bottom annual sign affirm, with a upward push of 3.5%

Put alternate by situation for England

Region Life like sign December 2020 Annual alternate % since December 2019 Month-to-month alternate % since November 2020
East Midlands £215,046 10.6% 2.8%
East of England £310,912 7% 2.4%
London £496,066 3.5% -1.1%
North East £141,154 9.2% 1.9%
North West £183,727 11.2% 2.5%
South East £341,007 6.1% 0.1%
South West £282,388 10.2% 2.3%
West Midlands £216,950 9.4% 1.9%
Yorkshire and the Humber £182,907 10.4% 1.1%

Repossession gross sales by quantity for England

The bottom number of repossession gross sales in October 2020 changed into within the East of England.

The very supreme number of repossession gross sales in October 2020 changed into within the North West.

Repossession gross sales October 2020
East Midlands 25
East of England 9
London 30
North East 68
North West 88
South East 36
South West 27
West Midlands 35
Yorkshire and The Humber 36
England 354

Life like sign by property fashion for England

Property fashion December 2020 December 2019 Disagreement %
Composed £413,341 £375,353 10.1
Semi-level-headed £253,978 £233,213 8.9
Terraced £220,396 £201,726 9.3
Flat/maisonette £234,778 £224,882 4.4
All £269,150 £248,097 8.5

Funding and purchaser status for England

Transaction fashion Life like sign December 2020 Annual sign alternate % since December 2019 Month-to-month sign alternate %since November 2020
Money £253,634 8.6 1.7
Mortgage £277,012 8.4 1.4
First-time purchaser £224,560 7.8 1.5
Former proprietor occupier £307,113 9.2 1.4

Constructing status for England

Constructing status* Life like sign October 2020 Annual sign alternate % since October 2019 Month-to-month sign alternate % since September 2020
Contemporary arrangement £327,486 6.3 -0.7
Contemporary resold property £258,708 5.6 1.1

*Figures for the 2 latest months will now not be being revealed because there will now not be ample new arrangement transactions to give a meaningful result.

London

London exhibits, on sensible, home prices fallen by 1.1% since November 2020. An annual sign upward push of 3.5% takes the frequent property sign to £496,066.

Life like sign by property fashion for London

Property fashion December 2020 December 2019 Disagreement %
Composed £959,589 £908,784 5.6
Semi-level-headed £616,718 £584,771 5.5
Terraced £536,104 £502,617 6.7
Flat/maisonette £423,399 £418,382 1.2
All £496,066 £479,153 3.5

Funding and purchaser status for London

Transaction fashion Life like sign December 2020 Annual sign alternate % since December 2019 Month-to-month sign alternate %since November 2020
Money £512,226 2 -1.6
Mortgage £490,513 3.9 -0.9
First-time purchaser £431,160 3 -0.9
Former proprietor occupier £564,795 4.3 -1.4

Constructing status for London

Constructing status* Life like sign October 2020 Annual sign alternate % since October 2019 Month-to-month sign alternate % since September 2020
Contemporary arrangement £505,833 3.4 -2.1
Contemporary resold property £492,362 4.4 -0.7

*Figures for the 2 latest months will now not be being revealed because there will now not be ample new arrangement transactions to give a meaningful result.

Wales

Wales exhibits, on sensible, home prices fill risen by 2.3% since November 2020. An annual sign upward push of 10.7% takes the frequent property sign to £184,195.

There were 33 repossession gross sales for Wales in October 2020.

Life like sign by property fashion for Wales

Property fashion December 2020 December 2019 Disagreement %
Composed £278,109 £250,719 10.9
Semi-level-headed £177,623 £161,024 10.3
Terraced £144,124 £129,382 11.4
Flat/maisonette £125,186 £115,908 8
All £184,195 £166,433 10.7

Funding and purchaser status for Wales

Transaction fashion Life like sign December 2020 Annual sign alternate % since December 2019 Month-to-month sign alternate % since November 2020
Money £178,870 10.2 2
Mortgage £187,378 11 2.4
First-time purchaser £159,106 10.5 2.6
Former proprietor occupier £213,417 10.9 1.9

Constructing status for Wales

Constructing status* Life like sign October 2020 Annual sign alternate % since October 2019 Month-to-month sign alternate % since September 2020
Contemporary arrangement £236,096 7.3 1.7
Contemporary resold property £173,807 6.6 3.4

*Figures for the 2 latest months will now not be being revealed because there will now not be ample new arrangement transactions to give a meaningful result.

In finding admission to the stout UK HPI.

Google Chrome is blocking downloads of our UK HPI information recordsdata (Chrome 88 onwards). Please utilize one other information superhighway browser whereas we resolve this say. We apologise for any wretchedness precipitated.

The UK HPI is in accordance with performed housing transactions. On the overall, a home steal can grab 6 to 8 weeks to be triumphant in completion. The price information feeding into the December 2020 UK HPI will essentially assume these agreements that befell after the government measures to decrease the spread of coronavirus (COVID-19) took sustain.

UK home prices

UK home prices increased by 8.5% within the twelve months to December 2020, up from 7.1% in November 2020. On a non-seasonally adjusted foundation, sensible home prices within the UK increased by 1.2% between November and December 2020, in comparison with a fall of 0.1% right thru the identical interval a twelve months earlier (November and December 2019).

The UK Property Transactions Statistics confirmed that in December 2020, on a seasonally adjusted foundation, the estimated number of transactions of residential properties with an illustration of £40,000 or higher changed into 129,400. Right here is 31.5% higher than a twelve months within the past. Between November and December 2020, UK transactions increased by 13.1% on a seasonally adjusted foundation.

Dwelling sign affirm changed into strongest within the North West of England the effect prices increased by 11.2% within the twelve months to December 2020. The bottom annual affirm changed into within the London, the effect prices increased by 3.5% within the twelve months to December 2020, down from 7.0% within the twelve months to November 2020.

Gaze the economic statement.

Background

  1. The UK Dwelling Put Index (HPI) is revealed on the 2d or third Wednesday of every month with Northern Eire figures updated quarterly. The January 2021 UK HPI can be revealed at 9.30am on Wednesday 24 March 2021. Gaze calendar of liberate dates.

  2. Now we fill made some modifications to relief the accuracy of the UK HPI. We will now not be publishing sensible sign and percentage alternate for new builds and existing resold property as accomplished previously because there will now not be for the time being ample new arrangement transactions to acquire a loyal result. This signifies that in this month’s UK HPI reports, new builds and existing resold property are reported essentially based on the gross sales volumes for the time being available.

  3. The UK HPI revision interval has been extended to 13 months, following a review of the revision protection (behold calculating the UK HPI portion 4.4). This ensures the information used is more comprehensive.

  4. Gross sales quantity information is additionally available by property status (new arrangement and existing property) and funding status (cash and mortgage) in our downloadable information tables. Transactions intelligent the creation of a new register, equivalent to new builds, are more advanced and require more time to route of. Learn revisions to the UK HPI information.

  5. Revision tables fill been launched for England and Wales within the downloadable information. Tables can be available in CSV format. Gaze referring to the UK HPI for more information.

  6. Information for the UK HPI is provided by HM Land Registry, Registers of Scotland, Land & Property Services and products/Northern Eire Statistics and Compare Company and the Valuation Web insist online of job Company.

  7. The UK HPI is calculated by the Web insist online of job for National Statistics (ONS) andLand & Property Services and products/Northern Eire Statistics and Compare Company. It applies a hedonic regression model that makes utilize of the a host of sources of information on property sign, in particular HM Land Registry’s Put Paid Dataset, and attributes to acquire estimates of the alternate in home prices every month. Catch out more referring to the methodology used from the ONS and Northern Eire Statistics & Compare Company.

  8. The UK Property Transaction statisticsare taken from HM Income and Customs (HMRC) monthly estimates of the number of residential and non-residential property transactions within the UK and its constituent worldwide locations. The number of property transactions within the UK is extremely seasonal, with more process within the summer months and much less within the wintry weather. This traditional annual sample can in most cases cowl the underlying actions and trends within the information sequence so HMRC additionally gifts the UK combination transaction figures on a seasonally adjusted foundation. Adjustments are made for each and every the time of twelve months and the come of the calendar, together with corrections for the distance of Easter and the number of buying and selling days in a particular month.

  9. UK HPI seasonally adjusted sequence are calculated at regional and nationwide stages handiest. Gaze information tables.

  10. The first estimate for new arrangement sensible sign (July 2016 file) changed into in accordance with a small sample which can trigger volatility. A 3-month transferring sensible has been applied to the most new estimate to grab a few of this volatility.

  11. Work has been taking location since 2014 to manufacture a single, official HPI that reflects the closing transaction sign for gross sales of residential property within the UK. The utilize of the geometric indicate, it covers purchases at market sign for proprietor-occupation and grab-to-let, other than these purchases now not at market sign (equivalent to re-mortgages), the effect the ‘sign’ represents a valuation.

  12. Information on residential property transactions for England and Wales, aloof as segment of the official registration route of, is provided by HM Land Registry for properties that are provided for stout market sign.

  13. The HM Land Registry dataset includes the sale sign of the property, the date when the sale changed into performed, stout address crucial aspects, the form of property (level-headed, semi-level-headed, terraced or flat), whether it is a newly constructed property or a longtime residential constructing and a variable to existing if the property has been purchased as a financed transaction (using a mortgage) or as a non-financed transaction (cash steal).

  14. Repossession gross sales information is in accordance with the number of transactions lodged with HM Land Registry by lenders exercising their power of sale.

  15. For England, right here is shown as volumes of repossession gross sales recorded by Authorities Web insist online of job Region. For Wales, there would possibly be a headline figure for the number of repossession gross sales recorded in Wales.

  16. The information can be downloaded as a CSV file. Repossession gross sales information old to July 2016 is now not available. Catch out more information about repossession gross sales.

  17. Background tables of the raw and cleansed aggregated information, in Excel and CSV formats, are additionally revealed monthly even supposing Northern Eire is on a quarterly foundation. They are available in for free utilize and re-utilize below the Launch Authorities Licence.

  18. HM Land Registry’s mission is to guarantee and give protection to property rights in England and Wales.

  19. HM Land Registry is a government department created in 1862. Its ambition is to transform the realm’s main land registry for inch, simplicity and an birth device to information.

  20. HM Land Registry safeguards land and property possession price in valuable more than £7 trillion, together with over £1 trillion of mortgages. The Land Register includes greater than 25 million titles exhibiting evidence of possession for some 87% of the land mass of England and Wales.

  21. For additional information about HM Land Registry visit www.gov.uk/land-registry.

  22. Prepare us on Twitter, our blog, LinkedIn and Facebook.

Source:
UK Dwelling Put Index for December 2020 – GOV.UK

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