§ Mr. SandersTo ask the Secretary of State for the Environment, Transport and the Regions if he will publish the latest average capital values of dwellings by tenure and region for which figures are available; and if he will make a statement. [95767]
§ Mr. MullinThe latest information on capital values for all housing tenures is from the English House Condition Survey 1996. Average values by tenure and region for April 1996 are provided in the table.
Owner occupied Private rented Local authority RSL North East 53,282 43,602 26,697 25,949 Yorkshire and the Humber 54,767 36,976 25,025 31,107 North West 59,435 42,795 25,636 26,085 East Midlands 59,818 41,411 28,298 29,432 West Midlands 62,965 53,363 32,127 33,597 South West 70,286 59,036 35,325 42,923 Eastern 77,541 54,055 44,485 43,905 South East 92,617 67,101 44,924 43,687 London 102,143 79,280 48,848 58.354 The English House Condition Survey is based on a sample of dwellings throughout England and is carried out every five years. It provides values for all housing 944W types and tenures at one point in time, and not just recent transactions. Therefore, in the private sector, values will differ from other sources of information on house prices.