§ Andrew GeorgeTo ask the Chancellor of the Exchequer what the average price of a house was in real terms in(a) England and (b) local authorities defined as rural, by region, in each year since 1978. [90834]
§ Mr. McNultyI have been asked to reply.
Although the Office of the Deputy Prime Minister's Survey of Mortgage Lenders has been a valuable source of information on house prices back to 1968, data from the survey are reliable only down to regional level. Reliable house price information at local authority level has only been available since 1996 when the Land Registry constructed its database of all property transactions in England and Wales. Consequently the data presented in the following tables cover only the period 1996 to 2002 (Q1 to Q3).
997W
Average house prices in rural local authorities by region, 1996–2002—at constant 1996 prices (£)Region 1996 1997 1998 1999 2000 2001 20021 Yorkshire and Humber 66,011 67,056 66,447 70,145 72,951 78,381 91,419 All England2 73,929 78,211 82,890 90,949 99,281 107,362 120,329 1Q1 to Q3 2Urban and Rural Note:
The rural local authorities included in the above figures are those that are classified by the Office of the Deputy Prime Minister as "mixed rural" or "deeply rural".
Source:
Land Registry