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Press release: UK House Price Index (HPI) for December 2016

The UK House Price Index shows house price changes for England, Scotland, Wales and Northern Ireland.

The December data shows an annual price increase of 7.2% which takes the average property value in the UK to £219,544. Monthly house prices have risen by 1.4% since November 2016. The monthly index figure for the UK was 115.2.

In England, the December data shows an annual price increase of 7.7% which takes the average property value to £236,424. Monthly house prices have risen by 1.6% since November 2016.

Wales shows an annual price increase of 4.7% which takes the average property value to £148,177. Monthly house prices have risen by 1% since November 2016.

London shows an annual price increase of 7.5% which takes the average property value to £483,803. Monthly house prices have risen by 1.8% since November 2016.

The regional data indicates that:

UK Property Transaction statistics show the number of home sales in the UK (seasonally adjusted) increased by 0.2% between November and December 2016, but compared with December 2015 there were 8.5% fewer home sales. See the economic statement.

Sales during October 2016, the most up-to-date Land Registry figures available, show that:

  • the number of completed house sales in England fell by 34.5% to 58,853 compared with 89,884 in October 2015

  • the number of completed house sales in Wales fell by 25.9% to 3,415 compared with 4,610 in October 2015

  • the number of completed house sales in London fell by 44.9% to 6,166 compared with 11,200 in October 2015

  • there were 617 repossession sales in England in October 2016
  • there were 53 repossession sales in Wales in October 2016

  • the lowest number of repossession sales in England and Wales in October 2016 was in the East of England.

Access the full December UK HPI

Price change by region for England

England by region Monthly change % since November 2016 Annual change % since December 2015 Average price December 2016
East Midlands 1.0 7.1 £176,790
East of England 1.9 11.3 £281,513
London 1.8 7.5 £483,803
North East 2.3 4.1 £128,631
North West 1.9 6.6 £152,259
South East 1.7 8.5 £316,026
South West 1.3 7.0 £242,808
West Midlands 0.4 7.1 £181,328
Yorkshire and The Humber 2.2 6.5 £154,985

Average price by property type for England

Average price by property type (England) December 2016 December 2015 Difference %
Detached £358,812 £331,013 8.4
Semi-detached £218,802 £203,031 7.8
Terraced £189,514 £177,739 6.6
Flat/maisonette £223,008 £205,939 8.3
All £236,424 £219,582 7.7

Price change for Wales

Wales Monthly change % since November 2016 Annual change % since December 2015 Average price December 2016
Wales 1.0 4.7 £148,177

Average price by property type for Wales

Average price by property type (Wales) December 2016 December 2015 Difference %
Detached £225,788 £213,773 5.6
Semi-detached £143,125 £135,730 5.4
Terraced £113,343 £109,745 3.3
Flat/maisonette £106,443 £101,662 4.7
All £148,177 £141,520 4.7

Average price by property type for London

Average price by property type (London) December 2016 December 2015 Difference %
Detached £907,046 £844,884 7.4
Semi-detached £576,108 £536,465 7.4
Terraced £494,231 £462,912 6.8
Flat/maisonette £430,554 £398,893 7.9
All £483,803 £450,053 7.5

Sales volumes for England

Month Sales 2016 England Sales 2015 England Difference %
September 64,311 82,452 -22.0
October 58,853 89,884 -34.5

Sales volumes for Wales

Month Sales 2016 Wales Sales 2015 Wales Difference %
September 3,492 3,896 -10.4
October 3,415 4,610 -25.9

Sales volumes for London

Month Sales 2016 London Sales 2015 London Difference %
September 6,698 11,065 -29.5
October 6,166 11,200 -36.5

Funding, buyer and building status for England

England Monthly price change % since November 2016 Annual price change % since December 2015 Average price December 2016
Cash 1.3 7.3 £221,888
Mortgage 1.7 7.9 £243,757
First-time buyer 1.7 7.4 £198,325
Former owner occupier 1.6 7.8 £268,323
New build 11.5 26.0 £335,416
Existing resold property 0.9 6.4 £230,285

Funding, buyer and building status for Wales

Wales Monthly price change % since November 2016 Annual price change % since December 2015 Average price December 2016
Cash 0.2 3.8 £143,469
Mortgage 1.5 5.2 £150,985
First-time buyer 1.0 4.3 £127,606
Former owner occupier 1.1 5.1 £172,228
New build 11.6 24.1 £224,423
Existing resold property 0.3 3.5 £144,002

Funding, buyer and building status for London

London Monthly price change % since November 2016 Annual price change % since December 2015 Average price December 2016
Cash 2.1 7.8 £512,775
Mortgage 1.8 7.4 £474,924
First time buyer 1.9 7.5 £423,249
Former owner occupier 1.8 7.5 £545,667
New build 10.9 23.4 £563,322
Existing resold property 1.1 6.2 £477,549

Repossession

Repossession sales October 2016
East Midlands 67
East of England 11
London 51
North East 91
North West 122
South East 75
South West 48
Yorkshire and The Humber 85
West Midlands 67
England 617
Wales 53

Notes to editors

  1. The UK House Price Index (HPI) is published on the second or third Tuesday of each month with Northern Ireland figures updated quarterly. The January 2017 UK HPI will be published at 9.30am on 21 March 2017. A calendar of release dates is available.

  2. Data for the UK HPI is provided by Land Registry, Registers of Scotland, Land & Property Services/Northern Ireland Statistics and Research Agency and the Valuation Office Agency.

  3. The UK HPI is calculated by the Office for National Statistics and Land & Property Services/Northern Ireland Statistics and Research Agency. It applies a hedonic regression model that uses the various sources of data on property price, in particular Land Registry’s Price Paid Dataset, and attributes to produce estimates of the change in house prices each month. Find out more about the methodology used from ONS and Northern Ireland Statistics & Research Agency.

  4. The first estimate for new build average price (April 2016 report) was based on a small sample which can cause volatility. A three-month moving average has been applied to the latest estimate to remove some of this volatility.

  5. Work has been taking place since 2014 to develop a single, official HPI that reflects the final transaction price for sales of residential property in the UK. Using the geometric mean, it covers purchases at market value for owner-occupation and buy-to-let, excluding those purchases not at market value (such as re-mortgages), where the ‘price’ represents a valuation.

  6. Information on residential property transactions for England and Wales, collected as part of the official registration process, is provided by Land Registry for properties that are sold for full market value.

  7. The Land Registry dataset contains the sale price of the property, the date when the sale was completed, full address details, the type of property (detached, semi-detached, terraced or flat), if it is a newly built property or an established residential building and a variable to indicate if the property has been purchased as a financed transaction (using a mortgage) or as a non-financed transaction (cash purchase).

  8. Repossession data is based on the number of transactions lodged with Land Registry by lenders exercising their power of sale.

  9. For England this is shown as volumes of repossessions recorded by Government Office region. For Wales there is a headline figure for the number of repossessions recorded in Wales.

  10. The data can be downloaded as a .csv file. Repossession data prior to April 2016 is not available. Find out more information about repossessions.

  11. Background tables of the raw and cleansed aggregated data, in Excel and CSV formats, are also published monthly although Northern Ireland is on a quarterly basis. They are available for free use and re-use under the Open Government Licence.

  12. As a government department established in 1862, executive agency and trading fund responsible to the Secretary of State for Business, Energy and Industrial Strategy, Land Registry keeps and maintains the Land Register for England and Wales. The Land Register has been open to public inspection since 1990.

  13. With the largest transactional database of its kind detailing more than 24 million titles, Land Registry underpins the economy by safeguarding ownership of many billions of pounds worth of property.

  14. For further information about Land Registry visit www.gov.uk/land-registry

  15. Follow us on Twitter @LandRegGov our blog and LinkedIn and Facebook

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HSL: Slips and Trips – Falls Prevention – London, 9 Mar 2017

Book Course

HSL is to run a 1 day course on Slips and Trips – Falls Prevention – LONDON.

THIS COURSE IS TO BE HELD IN LONDON

9 March 2017

PLEASE NOTE THIS COURSE IS TO BE HELD IN LONDON

Introduction

Slips, trips and falls are the leading cause of major injuries in the workplace. These injuries can be devastating for the individual involved and they generate a huge financial burden on industry. Almost all slips and trips can be prevented, often with simple inexpensive interventions.

Slips and trips can happen for a number of reasons, but all too frequently people jump to conclusions about why they happen rather than looking for the true cause, or assume that it is ‘just one of those things’ and do nothing.

The biggest challenges when trying to reduce slips in the workplace are knowing where to get reliable information on flooring, understanding the ins and outs of cleaning, and knowing how to select footwear. Understanding the science behind slips and trips makes it easier to identify the true cause of a fall and prevent future incidents.

This course will help you understand the causes of slips, trips and falls, and highlight successful interventions that offer a great starting point for organisations looking to reduce falls. It is delivered by experts in accident investigation and has a practical focus on understanding the causes of slips, trips and falls and reducing the risk of future incidents.

Previous attendees of our slip, trip and fall training courses have reported a reduction in incidents of up to 50%.


Course includes

  • Why people slip – the slip potential model
  • Characterising flooring, which tests work, which don’t and why
  • The role of contamination in slip accidents
  • The effect that good and bad cleaning techniques can have on slips
  • How footwear can help in reducing slip accidents
  • Preventing trips
  • The causes of stair falls and how to reduce the risk

There will also be an opportunity to visit the Falls Prevention Team laboratory and see slip testing in action.


Who should attend

Anyone who is involved in managing slips and trips, particularly those responsible for selecting flooring or footwear in their business. Employees involved in critical operations such as cleaning.

The course can also be tailored to suit all businesses and employees. Bespoke versions of this course for specific organisations can be developed on request.


Venue

ETC Venues – Marble Arch
Garfield House
86 Edgware Road
London
W2 2EA


Cost

The cost of this course is £525 per person (includes course notes, lunch and refreshments).

Book Course

Please note the invoice option is not available within 4 weeks of the course date, or for overseas customers.  If you are selecting the invoice option for payment, it will be mandatory to input a purchase order/reference number as we are unable to process booking forms without this.

For further dates and additional information email: training@hsl.gsi.gov.uk or contact the Training & Conferences Unit
at HSL directly on +44 (0)1298 218806.

Back to Health & Safety Training Courses

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News story: Civil news: improvements to electronic CW3 immigration forms

Enhancements have been made to application forms in response to provider feedback.

Changes have been made to the following electronic versions of the CW3 form in response to feedback from providers:

  • CW3B Imm: Application for extension of Upper Costs Limit (electronic version)
  • CW3C Imm: Graduated Fee Scheme – application for extension of Disbursement Limit (electronic version)

The improvements include:

  1. more Excel formulas to auto calculate totals
  2. additional dropdown menu options
  3. removal of requirement for details of work done to date

Process and benefits

There have been no changes to the process for submitting electronic forms, which have the following benefits compared to the Word versions:

  • saves time because totals are validated as you complete the form
  • electronic signatures accepted so no need to print off, sign and scan before emailing
  • forms can be completed online, submitted directly by email and saved on to your system
  • documents can still be attached to support applications e.g. ledger/running record of costs
  • caseworkers able to process forms more efficiently so decisions made faster

Helpful hints

  • when opening form click the ‘enable content’ button at the top of screen above column ‘E’
  • section 2 of CW3B form does not need to be completed if you can attach a running record of costs confirming work carried out to date
  • remember that all CW3 applications must go to this mailbox: cw3@legalaid.gsi.gov.uk

Support and advice

If you need help using these forms then support is available from the Mental Health Unit and Escape Cases Team.

Electronic CW3 forms will eventually be mandatory to use and the option to scan and email Word versions instead will be removed. So, it is a good idea to familiarise yourself with the electronic versions.

Further information

CW3: extension of upper cost limit in controlled work cases – to download electronic versions of CW3B (Imm)

CW3C: disbursement limit extension– to download electronic version of CW3C

Escape cases electronic handbook – for detailed guidance on the CW3 process

cw3@legalaid.gsi.gov.uk – to submit your application or ask for help and advice

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News story: Government review team launches nationwide modern employment practices tour in London

Last October (2016), Matthew Taylor was asked by the Prime Minister to conduct an independent review to look at whether employment practices need to change in order to keep pace with modern business models.

Matthew and the review’s expert panel will launch their nationwide tour, with cities including Glasgow, Norwich, Cardiff, Belfast and Newcastle among those being visited to collect evidence and build an understanding of how people work in different parts of the country.

The team will today (14 February 2017) meet entrepreneurs and workers at Google Campus in east London to find out about the capital’s labour market and to understand the impact of new ways of working on employment rights.

They will go on to host a town hall-style event, where workers, employers, business owners and representative groups from London will give evidence on their experiences to help inform the review.

Matthew Taylor said:

Most people recognise that we need as many jobs as possible in our economy and that the flexibility of our labour market is a strength. But people also want work to be fair and decent and to offer opportunities for progression and fulfilment.

The question is: what can we do to make work better without undermining our country’s excellent record on job creation?

We’ve started working through these complex questions and now is just the right time to hear the views of businesses, employees, the self-employed and the public as a whole.

Business Minister Margot James said:

The Matthew Taylor Review is hugely important in helping us understand whether employment rights need to change to keep up with the various new ways people can work.

It is symbolic that Matthew will launch his country-wide regional tour in London, where thousands of people are already working in ways completely different from only a few years ago.

I’d encourage everyone to take part in the review to make sure their views on the modern labour market are heard.

With 15% of those working in the UK’s labour market now self-employed, there has been a rise in the number of people doing ‘gig’ work – short-term, casual work that is increasingly sought by people through mobile phone apps when they want to work.

These roles can include driving, delivering items and DIY tasks. This is one of the areas the review will consider. The massive expansion of ‘disruptive’ businesses – where new ways of working and technology come together to create new products and services to better meet consumer demand – is also leading to a change in working practices.

The 3 expert panel members for the Taylor review are:

  • Paul Broadbent – Chief Executive of the Gangmasters Licensing Authority (GLA), formerly assistant chief constable at Nottinghamshire Police.
  • Greg Marsh (entrepreneur) – Founder and formerly Chair and Chief Executive of onefinestay. He works with Amnesty International as an elected member of the charity’s Finance and Audit Committee, and is a Visiting Professor at Imperial College Business School.
  • Diane Nicol (employment lawyer) – Diane is a Partner at law firm Pinsent Masons specialising in employment law. She has over 20 years of experience of industrial relations disputes, senior exits and employment terms and conditions.

People can also take part in the review by contributing their experiences and ideas online, and by accessing tickets to the team’s town hall-style events via the review’s Dialogue page.

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West End Community Council Update

I have today launched my February 2017 Update to West End Community Council.

Subjects covered are :

Seabraes Lift
Riverside Drive improvements  
West End Road Safety Improvements

You can download a copy of the Community Council Update here.

The Community Council meeting takes place at Logie St John’s (Cross) Church Hall in Shaftesbury Terrace at 7pm tonight – all residents welcome!

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