Feb 1, 2016 - Windsor and Maidenhead. 432,830. 18. 10.8. 24. 27.8. 30. Wokingham. 362,000. 29. 11.5. 20. 25.3. 34. South
House Prices & Sales in Buckinghamshire, December 2015
1 February 2016
Buckinghamshire’s average house price rose by £2,402 (0.7 per cent) in December to reach a new of high £326,474. Over the last year, prices in Buckinghamshire have risen 9.6 per cent (£28,486), well ahead of the 6.4 per cent (£11,317) rise recorded the across country as a whole. Mean prices in London rose 12.4 per cent (£56,547). Table 1: Mean house prices, December 2015 Av Price Buckinghamshire Central Bedfordshire Hertfordshire Milton Keynes Northamptonshire Oxfordshire Reading Slough Windsor and Maidenhead Wokingham
326,474 217,022 320,742 197,052 157,846 296,698 266,045 226,096 432,830 362,000
South East England & Wales
261,581 188,270
Rank Annual Change Change 2007-15 (of 172) % Rank % Rank 33 9.6 33 19.8 40 56 11.4 21 12.0 50 35 12.5 9 27.9 29 63 10.9 23 11.8 51 89 5.7 75 -1.3 77 38 6.9 59 18.9 42 43 17.1 1 24.0 37 50 14.1 5 19.3 41 18 10.8 24 27.8 30 29 11.5 20 25.3 34 2 -
9.5 6.4
3 -
15.8 4.2
2 -
Source: Land Registry, 2016
Since the pre-recession peak of November 2007, there have been wide variations in the recovery of house prices across England and Wales as shown in chart 2. While the national average has risen 4.2 per cent, prices have fallen in 99 of England’s 172 upper tier authorities. In Buckinghamshire prices are 19.8 per cent higher than in 2007. There were 845 house sales in Buckinghamshire in October, up 96 on the previous month but 83 down on the same month last year. Over the last year there have been 9,095 house sales in the county. While this is 62.2 per cent more than in year immediately following 2008’s recession, it is 7 per cent fewer than in the year ending October 2014 and almost a quarter (23.6 per cent) below the pre-recession peak (see chart 1). Buckinghamshire has seen the 24th smallest fall in sales since the recession among England’s 172 upper tier authorities, with house sales remain below 40 per cent of the pre-recession peak in 40 local authority areas. Table 2: House sales, October 2015 October 2015 Year to October 2015 Change 2007-15 Rank Buckinghamshire 845 9,095 -23.6 24 Central Bedfordshire 508 5,653 -17.4 9 Hertfordshire 1,773 19,340 -28.5 53 Milton Keynes 383 4,308 -42.5 141 Northamptonshire 1,220 12,904 -33.5 87 Oxfordshire 987 10,664 -22.1 22 Reading 231 2,804 -28.3 52 Slough 127 1,826 -38.4 123 Windsor and Maidenhead 191 2,353 -30.2 68 Wokingham 294 2,910 -24.2 29 South East England
14,278 76,028
155,847 828,354
-28.4 -32.4
3 -
Source: Land Registry, 2016
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Chart 1: House sales over time (year ending October 2007=100) 110 100 90 80 70 Buckinghamshire 60
South East England
50
Manchester 40
Nov-Oct 2015
Nov-Oct 2014
Nov-Oct 2013
Nov-Oct 2012
Nov-Oct 2011
Nov-Oct 2010
Nov-Oct 2009
Nov-Oct 2008
Nov-Oct 2007
Nov-Oct 2006
Nov-Oct 2005
Nov-Oct 2004
30
Source: Land Registry, 2016
Chart 2: Change in mean house prices by local authority since pre-recession peak (Nov 2007) 80
60
40
20
0
Hartlepool
Buckinghamshire
-40
City Of Westminster
-20
Source: Land Registry, 2016
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