House Prices in North East

Region Path: > the United Kingdom > England > North East

Area Name: North East
Area Type: Government Office Region
ONS Area Code: A

Browse House Prices within North East

Graphs of House Prices in North East

The property market in the North East was quite slow to respond during this cycle, and between 1999 and 2001 property prices sat relatively unchanged while those in London and the South were increasing quite rapidly.The time lag is apparent in the house price inflation graph below. However, in 2002 property prices started to rise generally across the country, and those in the North East followed, accelerating during 2004 to roughly double before flattening off in 2005. Recently, property prices have increased slightly during late 2006 and early 2007 before falling back after mid-2007 on restricted credit and limited mortgage availability.

house price graph
Figure 1. Median house prices in North East.
house price inflation graph
Figure 2. House price inflation in North East.

Table of House Prices in North East

The median property price in North East is based on property sales registered with the Land Registry during each quarter.

Year	Quarter	House Price¹
2009	Q1	£110,000
2008	Q4	£115,000
2008	Q3	£120,000
2008	Q2	£122,500
2008	Q1	£119,000
2007	Q4	£124,000
2007	Q3	£123,500
2007	Q2	£123,000
2007	Q1	£119,000
2006	Q4	£121,000
2006	Q3	£120,000
2006	Q2	£119,375
2006	Q1	£111,000
2005	Q4	£114,000
2005	Q3	£110,000
2005	Q2	£105,000
2005	Q1	£95,000
2004	Q4	£101,000
2004	Q3	£102,000
2004	Q2	£96,000
2004	Q1	£83,450
2003	Q4	£85,000
2003	Q3	£80,000
2003	Q2	£74,950
2003	Q1	£63,500
2002	Q4	£67,000
2002	Q3	£63,000
2002	Q2	£59,950
2002	Q1	£55,000
2001	Q4	£56,950
2001	Q3	£56,250
2001	Q2	£54,995
2001	Q1	£49,000
2000	Q4	£52,000
2000	Q3	£52,500
2000	Q2	£52,000
2000	Q1	£49,995
1. CLG median house prices by district, table 582, based on the sale price of property taken from the Land Registry's sold price data. Not seasonally adjusted. Latest CLG data: Q1/2009, published June 2009.