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Housing: Prices

Volume 474: debated on Thursday 3 April 2008

To ask the Chancellor of the Exchequer what the average (a) price and (b) rental costs of housing was in each year since 1990, broken down by (i) size, (ii) type and (iii) region. (196761)

I have been asked to reply.

A range of tables showing recent trends in property prices and rents are set out as follows. Property price information is provided for the whole of the UK but rental information from the Survey of English Housing is available for England only.

Property price data goes back to 1990, as requested but rental information is only available for later years.

Table 1: Average property price by Government office region, England, 1990-2007

£

North East

North West

Yorkshire and Humber

East Midlands

West Midlands

East

London

South East

South West

1990

41,374

50,361

47,231

52,620

54,694

71,671

83,821

81,638

65,378

1991

45,395

52,951

52,343

55,740

58,659

69,865

85,742

80,696

65,346

1992

47,485

56,488

52,291

54,551

57,881

65,198

78,049

76,528

61,654

1993

48,725

55,641

54,572

53,797

58,508

66,756

81,332

77,239

61,319

1994

48,893

57,242

54,352

55,119

59,089

69,431

87,631

82,513

64,847

1995

46,565

56,231

54,356

55,060

62,123

70,036

89,528

83,030

65,096

1996

51,009

57,609

55,867

58,855

64,320

73,403

94,065

87,644

68,034

1997

52,824

63,077

60,019

61,930

67,803

81,378

105,819

94,842

73,004

1998

55,957

65,666

62,214

66,155

71,864

88,682

114,783

106,378

80,203

1999

61,620

72,017

67,416

72,437

79,757

96,841

142,321

121,654

89,217

2000

63,921

77,913

72,176

79,323

88,431

111,813

163,577

142,790

104,233

2001

69,813

82,402

76,368

87,280

97,650

127,858

182,325

156,964

118,639

2002

78,971

92,074

88,126

104,835

112,313

151,330

207,246

180,243

142,403

2003

100,344

115,003

114,253

132,013

137,371

183,234

241,864

214,971

174,482

2004

126,611

139,095

137,317

154,493

161,846

202,985

272,886

237,000

197,926

2005

135,210

149,440

148,014

161,487

168,904

211,661

282,548

243,537

204,686

2006

141,125

157,506

158,247

164,336

177,182

221,125

305,544

256,889

213,586

2007

152,295

170,072

170,203

176,255

185,048

238,147

342,122

278,054

230,885

Table 2: Average property price by country, 1990-2007

£

United Kingdom

England

Wales

Scotland

Northern Ireland

1990

59,785

63,173

46,464

41,744

31,849

1991

62,455

65,299

48,989

48,772

35,392

1992

61,366

63,692

49,551

50,010

38,287

1993

62,333

64,572

52,465

49,568

38,880

1994

64,787

67,518

53,106

50,651

38,651

1995

65,644

68,066

52,978

53,143

42,810

1996

70,626

72,210

54,898

56,674

47,678

1997

76,103

78,831

58,372

57,883

53,309

1998

81,774

84,695

60,902

63,585

59,376

1999

92,521

96,133

67,483

69,312

66,267

2000

101,550

106,998

72,285

69,961

72,514

2001

112,835

119,563

79,628

73,570

79,885

2002

128,265

137,278

88,261

77,655

83,829

2003

155,627

166,820

109,661

103,641

95,217

2004

180,248

192,002

138,141

118,932

110,188

2005

190,760

202,409

149,979

129,631

129,229

2006

204,813

214,045

157,457

137,192

169,259

2007

223,405

232,054

169,848

158,798

229,701

Source:

Regulated Mortgage Survey

CLG Live table 503: http://www.communities.gov.uk/documents/housing/xls/140951

Table 3: Average property price by dwelling type, UK, 1990-2007

£

Bungalow

Detached

Semi- detached

Terraced

Flat or maisonette in converted house

Purpose built flat or maisonette

All dwellings

1990

71,177

108,474

56,506

46,421

53,885

44,890

59,785

1991

71,032

106,351

58,971

48,252

54,626

45,305

62,455

1992

67,947

104,462

57,259

46,696

52,475

43,449

61,366

1993

68,347

102,612

56,307

46,157

53,123

42,824

62,333

1994

70,071

107,794

57,689

47,549

56,536

43,940

64,787

1995

68,398

109,502

57,598

49,028

59,815

47,412

65,644

1996

72,173

112,530

61,794

52,417

66,049

51,613

70,626

1997

78,784

119,402

66,452

58,511

74,023

56,311

76,103

1998

84,133

127,556

71,485

62,589

83,945

61,469

81,774

1999

90,981

140,963

79,654

71,404

99,767

73,908

92,521

2000

103,390

155,167

88,098

78,264

107,775

81,725

101,550

2001

113,419

173,295

99,412

87,470

121,456

90,356

112,835

2002

138,299

201,815

113,299

99,150

149,192

103,408

128,265

2003

163,818

250,095

138,731

120,997

164,867

125,777

155,627

2004

189,074

280,877

162,410

142,827

164,636

148,543

180,248

2005

203,292

299,378

176,030

152,977

155,524

159,325

190,760

2006

218,762

312,075

189,525

163,955

159,803

171,928

204,813

2007

236,760

339,235

206,026

180,618

180,810

185,859

223,405

Source:

Regulated Mortgage Survey

CLG Live table 511: http://www.communities.gov.uk/documents/housing/xls/140990

Table 4: Average housing association rents by Government office region, England, 1994-2007

£ per week

England

North East

North West

Yorkshire and Humber

East Midlands

West Midlands

East

London

South East

1994

38

34

31

35

38

36

38

43

42

1995

41

36

33

36

40

39

41

46

44

1996

44

37

36

40

43

41

44

50

49

1997

47

40

39

42

45

44

47

53

52

1998

50

42

42

44

48

45

50

57

55

1999

52

43

44

46

48

48

53

59

58

2000

53

45

46

48

48

48

54

61

60

2001

54

46

46

47

49

48

56

63

61

2002

56

46

49

49

50

50

57

65

64

2003

57

47

50

49

51

51

59

67

65

2004

58

49

52

50

53

52

60

70

67

2005

61

52

55

51

56

56

64

75

71

2006

64

54

57

54

59

58

66

78

75

2007

67

56

59

55

61

61

69

81

77

Note:

The figures reflect gross rents (before deduction of housing benefit, if applicable).

Source:

Housing Corporation HAR/10 and RSR (Regulatory and Statistical Return).

Derived from CLG Live Table No.703:

http://www.communities.gov.uk/documents/housing/xls/141440

Table 5: Average council rents by Government office region, England, 1994-2007

£ per week

England

North East

North West

Yorkshire and Humber

East Midlands

West Midlands

East

London

South East

South West

1996

40

33

38

31

34

37

41

53

46

41

1997

41

34

38

32

36

38

43

54

47

41

1998

42

35

39

34

37

39

44

55

48

42

1999

44

37

41

35

38

40

46

58

51

44

2000

46

39

42

37

40

41

48

60

52

45

2001

48

40

44

39

41

45

50

62

54

47

2002

50

42

46

42

44

47

52

65

56

48

2003

51

42

47

43

44

47

52

65

58

49

2004

53

44

47

44

46

49

55

67

59

50

2005

55

45

49

46

48

51

58

69

62

52

2006

58

48

51

48

50

54

61

73

64

54

2007

61

51

54

51

54

57

64

77

68

57

Notes:

1. The figures reflect gross rents (before deduction of housing benefit, if applicable).

2. Figures are unaudited and therefore indicative only.

Source:

Second Advance Claim Forms submitted by local authorities to Communities and Local Government.

Derived from CLG Live Table No. 715:

http://www.communities.gov.uk/documents/housing/xls/table-715

Table 6: Average private rents by Government office region, England, 1995-96 to 2006-07

£ per week

Two-year period

England

North East

North West

Yorkshire and Humber

East Midlands

West Midlands

East

London

South East

South West

1995-96 and 1996-97

86

65

71

61

59

69

78

127

90

71

1996-97 and 1997-98

88

61

64

62

61

70

82

133

97

73

1997-98 and 1998-99

90

59

66

62

70

65

82

141

101

78

1998-99 and 1999-2000

93

55

76

65

70

64

83

148

102

82

1999-2000 and 2000-01

97

59

76

66

64

73

89

151

109

84

2000-01 and 2001-02

106

70

77

68

75

79

94

165

119

91

2001-02 and 2002-03

116

72

79

75

82

82

96

188

135

95

2002-03 and 2003-04

120

72

81

81

84

85

102

191

135

97

2003-04 and 2004-05

119

75

83

86

86

85

113

179

130

103

2004-05 and 2005-06

123

75

86

83

89

88

122

184

136

108

2005-06 and 2006-07

128

83

91

79

94

94

126

194

141

114

Notes:

1. The figures reflect gross rents (before deduction of housing benefit, if applicable)

2. Assured and Assured Shorthold tenancies only—accessible to the public without special conditions.

3. Sampling variability is too great for regional figures to be published for individual years.

Source:

Survey of English Housing

Derived from CLG Live Table No.734

http://www.communities.gov.uk/documents/housing/xls/141656