Property Value Growth slows to 6.2% in 12 Months to June 2015

  • On average, across England & Wales, property value growth in the 12 months to June 2015 is 6.2%. This is 0.6% below the value of 6.8% seen in March and April 2015.
  • The estimated average value of all properties is £274,503.
  • Estimated property values in the London Boroughs of City of Westminster and Kensington & Chelsea are approximately 7.75% less than their peak set in September 2014.
  • However, much of the Greater London area is still showing strong property value growth with many Boroughs showing estimated values at their peak.
  • 6 of the top 10 areas (Local Government Districts) for growth are within the Greater London area with the other 4 all in counties bordering Greater London. Waltham Forest leads the way with annual growth of 16.25%.
  • Kensington & Chelsea is showing negative growth of 0.55% over the last 12 months - however, property values are the highest in the country with the average for all properties in excess of £2m.
  • The majority of the country is showing some degree of growth. However, 11 Local Government Districts are seeing negative growth with Darlington and Ceredigion both with an estimated value reduction of 2% over the past 12 months.
  • Typically, areas with the highest estimated values are in the South of England, however the local government districts of Trafford, Harrogate & Craven all have estimated average values for detached properties in excess of £400,000.

You can see estimated current values and growth for where you live by entering your postcode or the area where you live here:

    Based on property sale values up to and including June 2015, property values have increased on average by 6.2% across England & Wales in the last 12 months. There continues to be a strong bias of greater property value growth in and around Greater London though parts of central London are now showing weaker growth levels.

    Map showing estimated value change by Local Government District

    The highest estimated values are, as expected, in and around Greater London. The map below shows estimated values of Detached properties only to provide a like for like picture across the country. Areas in the commuter belts of larger cities such as Birmingham, Bristol, Leeds & Manchester show higher estimated values than surrounding areas.

    Map showing estimated property value June 2015

    Much of the Midlands, South East and East of England have estimated values at their peak. However there are now many areas spread across England & Wales where peak values were set in 2014. Much of the North/West of England and Wales are still below a peak set pre 2014 (typically 2007).

    Map showing estimated peak property value period

    You can see the current price change for where you live by entering your postcode or area here:

      About the Data & Methodology

      Source data for house price transactions is obtained from the Land Registry and is licenced under the Open Government Licence V2.0. All data used in the research for this article has been calculated using algorithms designed by LocationCounts © 2015. Data up to and including June 2015.

      The Estimated Average Price for each area (Local Government District) is based on the sold price of every property sold in the area since Jan 1995 with an index applied to estimate the current value.

      The Price Change for each area (Local Government District) is based on the average price change for all Postcodes contained within that area. The average price change for each Postcode is based on the closest sales each month to that Postcode weighted by the proximity to the Postcode itself.

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