§ Keith Hill
The following table shows growth in household numbers using the 1996-based household projections for English regions. These give the additional households projected to form if demographic trends continue. They are not estimates of demand as they do not take account of future economic trends and housing supply.
The household projections are to 2021 only. The figures show projected additional households between 2001 and 2011 ane between 2001 and 2021.1158W
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.
§ Keith Hill
The mix-adjusted average house prices by region for each year since 1997 have been as follows:
Households in Thousands: 2001 Base Growth to
England 20,992 1,527 3,008 North East 1,099 36 68 North West 2,875 122 235 Yorks, and Number 2,136 124 236 East Midlands 2,189 110 209 West Midlands 2,189 110 209 East 2,284 210 417 London 3,128 249 517 South East 3,403 332 657 South West 2,115 202 400