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Housing: Prices

Volume 491: debated on Thursday 30 April 2009

To ask the Secretary of State for Communities and Local Government what the average house price in 2008-09 prices was in each region in each of the last 10 years. (270683)

Communities and Local Government currently have house price data up to February 2009. The following table shows regional mix-adjusted house prices at 2008 prices calculated using regional mix-adjusted average purchase prices of domestic dwellings based on data from the Regulated Mortgage Survey and the ONS Retail Prices Index.

Mix-adjusted house prices by region at 2008 prices

North East

North West

Yorkshire and the Humber

East Midlands

West Midlands

East

London

South East

South West

England

1999

82,941

93,709

87,847

92,897

105,601

133,147

195,981

161,671

119,700

129,882

2000

84,002

98,285

90,077

101,231

116,109

149,740

220,384

185,690

133,954

144,212

2001

86,336

105,428

96,471

110,593

122,955

160,718

233,444

199,615

147,375

152,639

2002

100,440

120,837

114,733

135,939

147,042

192,915

252,299

228,651

178,940

175,645

2003

112,068

129,089

127,156

157,830

157,454

215,030

280,171

252,494

202,075

196,476

2004

139,511

153,762

151,038

174,117

178,050

226,865

295,987

262,001

220,237

212,829

2005

147,467

163,462

160,296

178,210

183,413

228,466

297,954

260,746

222,889

216,027

2006

151,239

165,471

165,459

176,246

184,173

229,153

305,163

260,942

224,470

217,616

2007

153,986

168,452

170,076

179,332

185,493

240,261

342,257

277,564

233,413

230,029

2008

144,528

157,685

159,253

166,079

172,059

228,737

331,454

265,829

218,281

218,327

In January of each year the mix adjustment weights are revised to reflect the pattern of property transactions during the previous three years. The mix-adjusted average prices for the rest of the year are then determined using the new weights. Consequently house prices between years cannot be compared because the years’ weights are different.