Average UK Property Price Almost £200k, Says CLG

Communities and Local Government (CLG)

House Price Index September 2009: Highlights

UK house prices were 4.1 per cent lower than in September 2008 but 1.2 per cent higher than in August 2009 (seasonally adjusted).
The mix-adjusted average property price in the UK stood at £199,303 in September 2009 (not seasonally adjusted).
UK house prices rose by 3.1 per cent in the quarter ending September 2009, compared to a smaller rise of 0.3 per cent for the quarter ending June 2009 (seasonally adjusted).

Countries & Regions

Annual average house prices fell in England (-4.0 per cent), Wales (-6.7 per cent), Scotland (-0.9 per cent) and Northern Ireland (-18.3 per cent).
Average house prices in September 2009 were £205,592 in England, £147,791 in Wales, £161,157 in Scotland and £174,342 in Northern Ireland.
The English region with the highest average house price in September remains London at £313,868; the lowest average price was in the North East of England at £136,276.
Of the English regions, only the East of England, London, the South East and the South West had average prices above the UK average.
The annual house price rates of change ranged from -2.4 per cent in the West Midlands to -6.1 per cent in the South East.
The annual growth rates in the other regions were -2.5 per cent in both the North East and the North West, -2.7 per cent in London, -3.5 per cent in the East Midlands, -3.9 per cent in the East, -5.1 per cent in the South West and -5.4 per cent in Yorkshire and the Humber.

Buyer Types

Annual average house prices paid by first-time buyers in September 2009 were 1.3 per cent lower than a year ago.
By comparison, average house prices paid by former owner occupiers were 5.2 per cent lower.
The average price paid by first-time buyers across the whole of the UK was £147,517 in September.
The average price paid by former owner occupiers was £231,193.