House Prices & Sales in Buckinghamshire, March 2014 30 April
House Prices & Sales in Buckinghamshire, March 2014
30 April 2014
Buckinghamshire’s average house price rose by £2,518 in March to stand at £273,908, the 5th highest average on record. Since last March Buckinghamshire’s average house price has increased 6.0 per cent (£15,451), to move within 0.8 per cent of April 2008’s pre-recession peak of £276,237. In London, prices are at an alltime high, 18.3 per cent above February 2008’s pre-recession peak. Table 1: Mean house prices, March 2014 Annual Change
Buckinghamshire Central Bedfordshire Hertfordshire Milton Keynes Northamptonshire Oxfordshire Reading Slough Windsor and Maidenhead Wokingham South East England & Wales
Av Price Rank March 2014 (of 172) 273,908 33 181,077 61 258,610 34 162,279 72 140,973 93 256,383 35 208,815 48 179,886 62 362,192 18 296,857 27 221,189 169,124
2 -
% 6.0 5.9 6.9 2.8 4.7 5.7 5.3 7.0 7.2 7.3 6.1 5.6
Change 2008-14
Rank 55 58 42 109 78 60 70 40 38 36 3 -
% -0.8 -7.0 2.6 -7.2 -10.5 3.0 -4.2 -5.9 6.3 1.5 -1.0 -5.6
Rank 37 64 31 65 78 30 46 56 23 34 2 -
Source: Land Registry, 2014
There were 651 house sales in Buckinghamshire in January, the fewest transactions for nine months but an increase of 43.4 per cent over the previous January, while the 8,718 houses sold in the year to January 2014 was the highest annual total since the recession. Although transactions remain 29.3 per cent below the levels seen in 2007, Buckinghamshire’s house sales have been the 26th most resilient in the country. Table 2: House sales, January 2014 January 2013 Buckinghamshire 651 Central Bedfordshire 365 Hertfordshire 1,494 Milton Keynes 263 Northamptonshire 878 Oxfordshire 772 Reading 238 Slough 138 Windsor and Maidenhead 176 Wokingham 223
South East England
Year to January 2013 Change 2007-14 Rank 8,718 -29.3 26 4,920 -30.4 36 18,907 -30.8 39 4,041 -42.6 116 11,286 -44.1 123 10,341 -30.0 31 2,777 -30.0 33 1,453 -50.0 152 2,447 -29.3 24 2,754 -33.5 57
11,588 60,480
147,417 768,509
-33.0 -37.7
3 -
Source: Land Registry, 2014
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House sales remain below half of pre-recession levels in 20 of the 172 upper tier authorities in England and Wales with Manchester (down 60.5 per cent), Middlesbrough (60.2 per cent) and Hull (60.1 per cent) having seen the largest falls. The London Borough of Hackney has been most resilient, down just 13.0 per cent. Chart 1: House sales over time (year ending January 2007=100) 120 110 Buckinghamshire 100
South East England
90
Manchester
80 70 60 50 40
Feb-Jan 2014
Feb-Jan 2013
Feb-Jan 2012
Feb-Jan 2011
Feb-Jan 2010
Feb-Jan 2009
Feb-Jan 2008
Feb-Jan 2007
Feb-Jan 2006
Feb-Jan 2005
Feb-Jan 2004
Feb-Jan 2004
30
Source: Land Registry, 2014
Chart 2: Mean house prices (March 2008=100) 120 London
115
Buckinghamshire 110
England & Wales Manchester
105 100 95 90 85 80
March 2014
March 2013
March 2012
March 2011
March 2010
March 2009
March 2008
March 2007
March 2006
March 2005
75
Source: Land Registry, 2014
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[email protected]
[email protected]
30 April 2014
Buckinghamshire’s average house price rose by £2,518 in March to stand at £273,908, the 5th highest average on record. Since last March Buckinghamshire’s average house price has increased 6.0 per cent (£15,451), to move within 0.8 per cent of April 2008’s pre-recession peak of £276,237. In London, prices are at an alltime high, 18.3 per cent above February 2008’s pre-recession peak. Table 1: Mean house prices, March 2014 Annual Change
Buckinghamshire Central Bedfordshire Hertfordshire Milton Keynes Northamptonshire Oxfordshire Reading Slough Windsor and Maidenhead Wokingham South East England & Wales
Av Price Rank March 2014 (of 172) 273,908 33 181,077 61 258,610 34 162,279 72 140,973 93 256,383 35 208,815 48 179,886 62 362,192 18 296,857 27 221,189 169,124
2 -
% 6.0 5.9 6.9 2.8 4.7 5.7 5.3 7.0 7.2 7.3 6.1 5.6
Change 2008-14
Rank 55 58 42 109 78 60 70 40 38 36 3 -
% -0.8 -7.0 2.6 -7.2 -10.5 3.0 -4.2 -5.9 6.3 1.5 -1.0 -5.6
Rank 37 64 31 65 78 30 46 56 23 34 2 -
Source: Land Registry, 2014
There were 651 house sales in Buckinghamshire in January, the fewest transactions for nine months but an increase of 43.4 per cent over the previous January, while the 8,718 houses sold in the year to January 2014 was the highest annual total since the recession. Although transactions remain 29.3 per cent below the levels seen in 2007, Buckinghamshire’s house sales have been the 26th most resilient in the country. Table 2: House sales, January 2014 January 2013 Buckinghamshire 651 Central Bedfordshire 365 Hertfordshire 1,494 Milton Keynes 263 Northamptonshire 878 Oxfordshire 772 Reading 238 Slough 138 Windsor and Maidenhead 176 Wokingham 223
South East England
Year to January 2013 Change 2007-14 Rank 8,718 -29.3 26 4,920 -30.4 36 18,907 -30.8 39 4,041 -42.6 116 11,286 -44.1 123 10,341 -30.0 31 2,777 -30.0 33 1,453 -50.0 152 2,447 -29.3 24 2,754 -33.5 57
11,588 60,480
147,417 768,509
-33.0 -37.7
3 -
Source: Land Registry, 2014
[email protected]
House sales remain below half of pre-recession levels in 20 of the 172 upper tier authorities in England and Wales with Manchester (down 60.5 per cent), Middlesbrough (60.2 per cent) and Hull (60.1 per cent) having seen the largest falls. The London Borough of Hackney has been most resilient, down just 13.0 per cent. Chart 1: House sales over time (year ending January 2007=100) 120 110 Buckinghamshire 100
South East England
90
Manchester
80 70 60 50 40
Feb-Jan 2014
Feb-Jan 2013
Feb-Jan 2012
Feb-Jan 2011
Feb-Jan 2010
Feb-Jan 2009
Feb-Jan 2008
Feb-Jan 2007
Feb-Jan 2006
Feb-Jan 2005
Feb-Jan 2004
Feb-Jan 2004
30
Source: Land Registry, 2014
Chart 2: Mean house prices (March 2008=100) 120 London
115
Buckinghamshire 110
England & Wales Manchester
105 100 95 90 85 80
March 2014
March 2013
March 2012
March 2011
March 2010
March 2009
March 2008
March 2007
March 2006
March 2005
75
Source: Land Registry, 2014
[email protected]
[email protected]
[email protected]
