House Price Index: January 2010

Statistics on Average House Prices and Annual House Price Inflation include data for the United Kingdom and its Government Office Regions for the period January 2010. The latest release updates the statistics previously released on 16th February 2010.

The House Price Index (HPI) is calculated by the Department for Communities and Local Government, as a monthly series of changes in house prices since February 2002 across the different regions of the UK (including Wales).  The data are experimental and are not currently seasonally adjusted - month-on-month comparisons should therefore be treated with caution.

House price figures for October and November 2009 have been revised from those published previously.

The key points from the latest release are:

• Over the year to January 2010, the HPI in Wales increased by 1.3 per cent, compared with an annual increase to December 2009 of 1.0 per cent.
• Across the UK as a whole, the HPI increased by 6.2 per cent over the year to January 2010, compared with an annual increase to December 2009 of 2.9 per cent.
• Comparing January 2010 with December 2009 (not seasonally adjusted), annual house prices increased in Wales and across the UK as a whole.
• The average house price* in Wales in December 2009 was £154,255, the fourth lowest figure amongst the regions of the UK (higher only than the North East, the North West and Yorkshire and Humberside).
• The UK average house price* stood at £207,159, whilst the UK figure excluding London and the South East was £172,649.

*Mix-adjusted house prices which take account of the different mix of properties sold in the period in question and are thus unaffected by varying sales of particular property types in one period when compared to another.

The full release is available on the DCLG website.

Contact

Tel: 029 2082 5055
E-mail: stats.housing@wales.gsi.gov.uk

Next update

April 2010 (provisional - to be confirmed on the 'Due Out Soon' page)