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Office of the Deputy Prime Minister

Answer

Mr. Ruffley: To ask the Deputy Prime Minister what the percentage change in house prices in Suffolk was in each of the last seven years. [187211] Keith Hill: The annual average property prices in Suffolk and the year-on-year percentage price changes for the past seven years have been as follows: _________________________________________________________________________________________________. Annual average price (£) Year-on-year percentage change 1996 62,205 -- 1997 68,377 9.9 1998 73,669 7.7 1999 81,221 10.3 2000 93,495 15.1 2001 106,018 13.4 2002 129,167 22.3 2003 149,167 15.1 _________________________________________________________________________________________________. Notes: 1. The figures reflect prices at the completion stage. 2. Purchases by sitting tenants (under "Right-to-Buy" schemes) are excluded because the prices are below market value. 3. Prices below £1,000 or above £20 million are also excluded--so that the average prices are not affected by outliers. 4. The average prices are simple averages, not mix-adjusted averages. The reason for this is that the number of transactions obtained through the Survey of Mortgage Lenders is relatively small for a single county. Consequently Land Registry figures have been used instead. However, these can only be presented as simple averages. It should be noted, however, that changes in simple average prices from one period to the next may reflect both actual price change and change in the mix of properties sold in the respective periods. Source: Land Registry

Secondary information

Type

Written question

Reference

424 c1148W;424 c1157-8W; 187211

Session

2003-04

Subjects

Housing Prices Suffolk Housing market

Contains statistics

Yes

Link

View this Written question on www.publications.parliament.uk