§ Mr. RuffleyTo ask the Deputy Prime Minister what the percentage change in house prices in Suffolk was in each of the last seven years. [187211]
§ Keith HillThe 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
£ 1997 1998 1999 2000 2001 2002 2003 North East 56,503 58,965 63,866 66,599 69,656 82,391 94,590 North West1 62,951 67,555 72,158 77,923 85,059 99,122 108,956 Yorkshire and Humber 60,874 63,312 67,644 71,416 77,833 94,116 107,325 East Midlands 62,656 68,907 71,532 80,259 89,226 111,511 133,215 West Midlands 69,598 75,840 81,315 92,055 99,200 120,618 132,898 East 84,306 95,478 102,525 118,718 129,666 158,248 181,494 London 107,968 123,921 150,909 174,727 188,342 206,960 236,476 South East 98,329 113,194 124,490 147,220 161,049 187,562 213,115 South West 75,064 83,269 92,171 106,202 118,902 146,784 170,560 England 79,814 89,714 100,012 114,335 123.149 144,081 165,834 1Published figures for the whole of North West region are not available prior to 1999. So the figures shown for 1997 and 1998 are estimates derived from a weighted combination of published prices for Merseyside and for North West excluding Merseyside". Notes: 1. Mix-adjustment nullifies the effect of changes in the mix of properties sold from one period to the next through the use of fixed weights. New weights are introduced in January each year. 2. The above figures are based on mortgage completions only— i.e. they exclude purchases for cash. 3. Up to 2002, the figures are based on a 5 per cent. sample of completions obtained through the Survey of Mortgage Lenders. From 2003, the figures are based on a substantially larger sample. Source: Survey of Mortgage Lenders