House Price Index: July 2007

Communities and Local Government have published the latest House Price Index Statistical Release.

The mix-adjusted average house price in the UK in July 2007 stood at £218,479, up from £214,222 in June 2007 (not seasonally adjusted). UK annual house price inflation in July 2007 was 12.4 per cent, up from 12.1 per cent in June 2007. The UK annual house price inflation rate for the 3 months to July was 11.8 per cent.

House price inflation rose in five of the English regions, fell in three regions and stayed the same in one region. The highest inflation rate was in London (19.1 percent) followed by South East (11.9 per cent) and the South West (11.3 per cent). Inflation rates were lower in the East (9.6 per cent), North East (8.5 per cent) and Yorkshire and the Humber (8.4 per cent). The lowest inflation rate was in the East Midlands (6.4 per cent).

The English region with the highest average house price in July remains London at £344,221. The lowest average price was in the North East at £151,064. Of the English regions, the East, London, South East and the South West had average prices above the UK average.

Dated 09/09/2007

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Owning Organisation

Communities and Local Government - http://www.communities.gov.uk

Data Type

Data Series

Spatial Coverage

UK, Regional

Theme

Economy, Society