Written question asked by Tom Cox (Labour) on Tuesday, 23 November 2004, in the House of Commons. It was due for an answer on Monday, 29 November 2004. It was answered by Keith Hill (Labour) on Monday, 29 November 2004 on behalf of the Office of the Deputy Prime Minister.

Office of the Deputy Prime Minister

Question: To ask the Deputy Prime Minister, what the average price of a (a) one bedroom, (b) two bedroom and (c) three bedroom house in the Greater London area is. - Inc table and figures.

Answer: Tom Cox: To ask the Deputy Prime Minister, what the average price of a (a) one bedroom, (b) two bedroom and (c) three bedroom house in the Greater London area is. [199676] Keith Hill: Estimates of the average price of residential properties sold within the Government Office Region of London and where completion took place during September 2004 are in the table: _________________________________________________________________________________________________. Size of dwelling Average price (£000) one bedroom 172,603 two bedrooms 225,446 three bedrooms 276,933 _________________________________________________________________________________________________. Notes: 1. The figures are based on a sample of purchases made with a mortgage. Cash purchases, which represent about 18 per cent. of sales in London, are not represented in the sample. 2. The estimates shown are simple average prices, not mix- adjusted. In other words the price estimates could be influenced by the types of properties sold and the location of these sales in September. 3. The estimates are based on the following numbers of purchases: 633 one-bedroom properties; 1,264 two-bedroom properties and 1,005 three-bedroom properties. Source: Survey of Mortgage Lenders

Secondary information