Emily Wright and Muireann Bolger assess the pain region by region – with only the city of Durham showing any signs of good health

Scotland

Average house price (third quarter 2008) £134,380

  • 23% less than UK average
  • 2.1% less than second quarter 2008
  • 6% less than third quarter 2007
  • Land value drop (Sept 07-Sept 08)
  • Greenfield: 46%
  • Land value: 42%

Tender price inflation

  • 2007: 4.5%
  • 2008: 5%
  • 2009 (predicted): 4.8%

Housing starts (third quarter 2008) 1,654

  • 73% fewer than third quarter 2007

North-east england

Average house price £138, 063

  • 21% below UK average
  • 0.3 less than second quarter 2008
  • 9.3% less than third quarter 2007

Land value drop

  • Greenfield: 49%
  • Urban: 44%

Tender price inflation

  • 2007: 4%
  • 2008: 4%
  • 2009 (predicted):) 5%

Housing starts 1,627

  • 68% fewer than third quarter 2007

North-west England

Average house price £137,487

  • 22% below UK average of £175,143
  • 7.1% less than second quarter 2008
  • 10.5 less than third quarter 2007

Land value drop

  • Greenfield: 49%
  • Urban: 44%

Tender price inflation

  • 2007: 5%
  • 2008: 4.3%
  • 2009 (predicted): 4%

Housing starts 1,239

  • 72% fewer than third quarter 2007

East Midlands

Average house price £147,559

  • 6% below UK average
  • 4.5% less than second quarter 2008
  • 13.1% less than third quarter 2007

Land value drop

  • Greenfield: 44%
  • Urban: 52%

Tender price inflation

  • 2007: 4.5%
  • 2008: 4.3%
  • 2009 (predicted): 4%

Housing starts 1,813

  • 53% fewer than third quarter 2007

Northern Ireland

Average house price £172,762

  • 1% below UK average
  • 4.2% below second quarter 2008
  • 22.6% below third quarter 2007

Tender price inflation

  • 2007: 5%
  • 2008: 3.5%
  • 2009 (predicted): 4%

Housing starts 611

  • 63% fewer than third quarter 2007

West Midlands

Average house price £162,861

  • 7% below UK average
  • 5.7% less than second quarter 2008
  • 9.5% less than third quarter

Tender price inflation

  • 2007: 4.5%
  • 2008: 4.25%
  • 2009 (predicted): 4%

Housing starts 1,548

  • 59% fewer than third quarter 2007

Wales

Average house price £139,267

  • 20% below UK average
  • 12.5% less than second quarter of 2008
  • 16.6% less than third quarter 2007

Land value drop

  • Greenfield: 27%
  • Urban: 32%

Tender price inflation

  • 2007: 4.5%
  • 2008: 5%
  • 2009 (predicted): 4.8%

Housing starts 607

  • 73% fewer than third quarter 2007

Greater London

Average house price £269,723

  • 54% above UK average
  • 7% less than second quarter 2008
  • 16.5% less than third quarter 2007

Land value drop

  • Urban: 17.9%

Tender price inflation

  • 2007: 6.5%
  • 2008: 5.8%
  • 2009 (predicted): 5%

Housing starts 3,961

  • 29% less than third quarter 2007

South-west

Average house price £185,691

  • 6% above UK average
  • 5.6% less than second quarter 2008
  • 12.9% less than third quarter of 2007

Land value drop

  • Greenfield: 25%
  • Urban: 33%

Tender price inflation

  • 2007: 5.5%
  • 2008: 4.8%
  • 2009 (predicted): 4.5%

Housing starts 2,612

  • 34% fewer than third quarter 2007

South-east

Average house price £233,086

  • 33% higher than UK average
  • 3.4% lower than second quarter 2008
  • 12.2% lower than third quarter of 2007

Land value drop

  • Greenfield: 30%
  • Urban: 34%

Tender price inflation

  • 2007: 5.5%
  • 2008: 5.3%
  • 2009 (predicted): 4.8%

Housing starts 3,896

  • 54% fewer than third quarter 2007

East Anglia

Average house price 169,788

  • 3.1% below UK average
  • 8.3% less than second quarter 2008
  • 13.3% less than third quarter 2007

Land value drop

  • Greenfield: 44%
  • Urban: 52%

Tender price inflation

  • 2007: 5.5%
  • 2008: 4%
  • 2009 (predicted): 4%

Housing starts 3,543

  • 27% less than third quarter 2007

Worst hit cities for house prices (third quarter 2008 compared with third quarter 2007)

  • Belfast down 26% to £232,449
  • Sheffield down 19% to £163,744
  • Bristol down 14% to £211,228
  • Cambridge down 14% to £266,916
  • Liverpool down 13% to £141,891

Least hit cities

  • Durham up 2% to £157,613
  • Edinburgh down 3% to £249,587
  • Oxford down 3% to £321,848
  • Canterbury down 4% to £215,608
  • London down 5% to £301,301

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Postscript

Original print headline: Where it hurts

Topics

The Age of Austerity