Please choose your country: Cheap Places in the UK Cheap Places in the USA Cheap Places in Australia Cheap Places in the EU

    Accommodation Search Engine
                   Free

home | SEARCH | Post An Ad Free | Post News / Articles | About Us  | Log In / Register
RSS Postings
HOUSE PRICES DROP 2.2 PER CENT

HOUSE PRICES DROP 2.2 PER CENT (Buying)

by administrator @, Wednesday, June 29, 2011, 14:52

The May data from Land Registry's flagship House Price Index shows an annual price decrease of -2.2 per cent which takes the average property value in England and Wales to £161,823.

The monthly change from April to May is a decrease of -0.4 per cent.

The only region in England and Wales to experience an increase in its average property value over the last 12 months is London with a movement of 2.9 per cent. The East Midlands experienced the greatest monthly rise with a movement of 0.4 per cent.

The North East again experienced the greatest annual price fall with a decrease of -6.9 per cent. Wales is the region which experienced the most significant monthly price fall with a movement of -3.5 per cent.

The most up-to-date figures available show that during March 2011, the number of completed house sales in England and Wales decreased by -13 per cent to 44,803 from 51,399 in March 2010.

The number of properties sold in England and Wales for over £1 million increased by 58 per cent between March 2010 and March 2011, from 511 to 805.

www.landregistry.gov.uk

Tags:
house prices


Tell a friend:
  or Bookmark this Page
©2008 Silver Lining Web Services Ltd
Valid XHTML 1.0 Transitional at Cheap Living Accommodation                                               Valid CSS at Cheap Living Accommodation!