"Figure 5: Housing market value decreased most in London","" "Nominal total value of property transactions, North East, East, London, and England and Wales, year ending December 1995 to year ending December 2018","" "","" "Notes","1. Nominal total value is the total value of residential property transactions. This is expressed as an index in this chart, where 100 represents the value in the year ending December 2007. 2. In the year ending December 2018, the East of England had the highest housing market value relative to the peak in 2007. The North East had the lowest relative to the peak in 2007." "Unit","Index 2007 = 100" "","" "","England and Wales","London","North East (lowest)","East (highest)" "1995","19.39","17.96","18.4","19.82" "1996","24.72","24.11","22.1","25.19" "1997","30.78","31.92","25.46","31.59" "1998","32.14","33.97","26.79","33.02" "1999","41.10","46.1","30.21","42.39" "2000","43.46","48.59","33.3","43.55" "2001","53.03","57.37","40.3","55.21" "2002","66.77","69.81","52.26","68.88" "2003","68.96","64.8","65.56","70.53" "2004","78.89","74.33","77.01","79.88" "2005","71.98","68.03","72.45","72.76" "2006","96.68","92.76","94.34","97.04" "2007","100.00","100","100","100" "2008","50.50","50.29","49.35","49.71" "2009","47.81","46.73","39.02","50.46" "2010","56.10","64.06","42.31","58.4" "2011","55.12","64.69","42","57.5" "2012","57.07","69.86","41.56","58.5" "2013","70.14","89.2","48.58","71.63" "2014","85.90","105.34","60.12","90.04" "2015","89.48","104.47","63.49","95.47" "2016","93.41","102.31","66.5","101.33" "2017","95.08","97.78","71.62","102.75" "2018","91.35","89.82","70.87","98.34"