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HPI for May Published

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Jun 29 2007

Land Registry's monthly House Price Index (HPI) for May is published today, Thursday 28 June, at http://www.landregistry.gov.uk/houseprices/ London's average house price for May 2007 stands at £335,658 whereas the average price for England and Wales is £180,594, increasing the index to 219.6. This is an annual increase of 8.9 per cent and up 0.7 per cent on April's figures when the average price was £179,935.

The May data shows the current rate of increase for London house prices remains over six per cent per annum greater than that of England and Wales as a whole. This recent divergence is the largest variation in two years, when London lagged behind the rest of the country by approximately six per cent.

Posted 29th June 2007

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