ME1 (Rochester) Price trends
5yr house price growth
-13.81%0.77%
5yr house price CAGR
-2.45%-2.01%
Last 12 months house price growth
0.41%0.77%
Market size Indicator: no. of transactions
10,738205,09217,800,511
Market size Indicator: total no. of properties
13,870263,16527,687,406
Market liquidity Indicator: transactions / properties
77.42%77.93%64.29%
Market growth indicator: new homes built
98822,1801,825,820
Market growth indicator: new builds / transactions
9.20%10.81%10.26%
Notes
CAGR: Compound Annual Growth Rate is the year-over-year growth rate of house prices over a specified period of time (in this case five years). This figure gives an indication of the returns that have been seen historically. It can also be seen as a "smoothed" rate of return.
Data sources: Total number of properties: ONS 2001 Census data. Other data: HM Land Registry. Land Registry data is updated quarterly and dates back to January 1995.
No. of transactions: This is the count of all transactions in the relevant geographic segment since 1st January 1995 as recorded by Land Registry.
No. of properties: This is the count of all residential properties in the relevant geographic segment.
New homes built: This is the count of all new build transactions in the relevant geographic segment since 1st January 1995 as recorded by Land Registry.