Kate Faulkner's Property Price Analysis April 2014

publication date: Apr 24, 2014
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

Join Now

London up 18% YoY while Leeds property prices have hardly changed. What’s happening in your town?  

Although the latest property price surveys show most areas are up year on year, the press are getting far more excited by the rises than the reality. Prices in the North East have actually fallen and only two of the six main property price reports (Acadata and ONS) suggest that prices have even recovered to 2007/8 levels.

In the main, although most areas are up year on year, this doesn’t mean they have recovered to previous heights, so the market still has some way to go before homeowners and investors can cheer and, for first time buyers, properties can still be considered very good value for money.

Download Kate's full market report here

How do February/March prices compare year on year?

This month’s figures show:-

  • The Nationwide reported average property price of £180,264 for March 2014 when compared to last year, this is nearly 9% up year on year.

  • The Land Registry average price for February 2014 of £170,000 which is up just over 4.3% year on year.

  • Acadata reported average property prices in February 2014 are £257,951, up 5.3% year on year

Average property/house prices in England & Wales from Jan 13 – Feb 14*

  • ‘Average property’ prices for mortgaged properties started off at £162,245 in January 2013 and have grown consistently to a height of £180,264 for Nationwide (March 2014).

  • Land Registry’s average sold prices (including some cash sales) started at £161,795 in January 2013 and have now reached £170,000 (February 2014).

  • Acadata’s average property prices for all properties started off in January 2013 at £227,478 and have now reached a high of £257,951 (February 2014).

How far away are property prices from the heights achieved in 2007/8? 

Whilst we have seen recent improvements in property prices in some areas of the UK, compared to the heights of 2007/08, property prices remain:-

Download Kate's full market report here

If you are interested in property prices and looking to make that jump onto the property ladder please come and see me at the First Time Buyer Show on Saturday 10th MAY.

For FREE, independent and up-to-date advice on buying, selling and renting a home, sign up for FREE at Property Checklists. Join now to access our FREE checklists, including:-

All our information is brought to you by Kate Faulkner, author of Which? Property books and one of the UK's top property experts.
This website is Copyright © Designs on Property Ltd and Propertychecklists.co.uk protected under UK and international law.