House Prices - A Snapshot of Britain
June, 04, 2008
The Halifax has just reported house prices were down 2.4% in May and the Nationwide has already reported a 2.5% drop, leaving the average house price down £5,000 in just a month. However, many of the headlines we read are based on national averages – this doesn’t necessarily reflect what is actually happening to your property price.
To help you, SaveBorrowSpend brings you a snapshot of how far house prices changed in the first quarter of this year and year on year. We've randomly picked places across Britain (email us if you would like us to include where you live and we've added your area if requested). And remember these are just averages!
Source: Land Registry figures for the first quarter of 2008 (January-March). We will update this list as soon as the Q2 figures are released. The Land Registry survery represents seasonlly adjusted figures on price inflation for residential property in England and Wales. Despite only being launched in 2006 it's set to become the most authoritative survey and has already become very well respected. The only downside is the figures lag behind other house price surveys by a month.
LONDON & SOUTH EAST - HOUSE PRICES
Bromley, Kent
Prices down 7.6% in the first quarter, but up 4.7% year on year
Dacorum, Herts
Prices up 0.8% in the first quarter, up 10.7% year on year
Chemsford, Essex
Prices down 5.0% in the first quarter and down 5.2% year on year
East Hampshire
Prices up 1.3% in the first quarter, up 10.7% annually
Elmbridge, Surrey
Prices up 14.8% in the first quarter and up 14.6% year on year
Fareham, Hants
Prices up 0.8% in the first quarter, and up 7% year on year
Hammersmith & Fulham, London
Prices up 9.8% in the first quarter, and up 19.2% annually
Hounslow
Prices down 3% in the first quarter, but up 13.9% year on year
Islington, London
Prices down 1.7% in the first quarter, but up 14.5% annually
Lewes, East Sussex
Prices down 4.4% in the first quarter, but up 5% annually
Maidstone, Kent
Prices down 8.6% in the first quarter, up 0.5% year on year
Milton Keynes, Bucks
Prices down 0.1%, up 3% year on year.
South Bedfordshire
Prices down 1.1% in the first quarter, up 4.5% year on year
Tower Hamlets, London
Prices down 5.5% in the first quarter, up 9% year on year
Waverley, Surrey
Prices up 10.4% in the first quarter, up 15.8% year on year
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SOUTH WEST - HOUSE PRICES
Bristol
Prices down 6.5% in the first quarter, but up 4.9% year on year
Exeter
Prices up 2.4% in the first quarter and up 5.8% year on year
Penwith, Cornwall
Prices up 2.8% in the first quarter, up 4.3% year on year
Poole, Dorset
Prices down 3.3% in the first quarter, up 0.6% year on year
Stroud, Gloucestershire
Prices down 12.2% in the first quarter and down 5.9% year on year
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EAST ANGLIA - HOUSE PRICES
Cambridge
Prices down 4.0% in the first quarter of the year, but up 1.7% year on year
Mid Suffolk
Prices up 0.3% in the first quarter, up 5.7% year on year
Norwich
Prices down 4.7% in the first quarter and down 2.4% year on year
MIDLANDS - HOUSE PRICES
Birmingham
Prices down 1.4% in the first quarter, annually up 2.2%
Dudley
Prices down 5.3% in the first quarter but up 2.2% year on year
Nottingham
Prices down 5.6% in the first quarter of 2008, and down 0.6% annually
Leicester
Prices down 0.7% in the first quarter, up 3.6% annually
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WALES - HOUSE PRICES
Cardiff
Prices down 2.7% in the first quarter and down 1.0% year on year
Flintshire
Prices down 7.4% in the first quarter and down 5% year on year
Wrexham
Prices down 3.0% in the first quarter and down 1.9% year on year
NORTH & NORTH WEST - HOUSE PRICES
Blackpool
Prices down 6.2% in first quarter and down 5.5% year on year
Carlisle, Cumbria
Prices down 2.9% in the first quarter but up 2.4% year on year
Crewe & Nantwich
Prices down 14.4% in the first quarter and down 2.% year on year
Hartlepool
Prices down 4.1% in the first quarter, up 6.2% year on year
Leeds
Prices down 3.9% in the first quarter, but up 3.3% year on year
Manchester
Prices down 0.5% in the first quarter, up 0.9% year on year
Middlesborough
Prices down 4.9% in the first quarter, and down 1.3% year on year
York
Prices down 6.2% in the first quarter but up 1.8% year on year.
Warrington
Prices down 4.2% in the first quarter, up 0.3% year on year.
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NORTH EAST - HOUSE PRICES
Gateshead
Prices down 7.1% in the first quarter and down 2.1% annually
Newcastle-upon-Tyne
Prices down 5% in the first quarter, up 1% year on year
Sunderland
Prices up 2.3% in the first quarter and up 3.4% year on year
SCOTLAND - HOUSE PRICES
Aberdeen
Prices down 6.2% in the first quarter, up 13% year on year
Edinburgh
Prices down 2.5% in the first quarter, up 7.2% year on year
Glasgow
Prices down 6.1% in the first quarter, but up 2.7% year on year
Moray (region)
Prices down 7.0% in the first quarter, but up 6.5% year on year
Stirling
Prices up 7.1% in the first quarter and up 19.5% year on year
Please email us with your postcode if you would like your area covered in this list, or email us to tell us about your area and why property prices are resilient or falling. 
SaveBorrowSpend Philippa Adam
