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HOUSE PRICES DROP 2.5 PER CENT

HOUSE PRICES DROP 2.5 PER CENT (Buying)

by administrator @, Monday, August 01, 2011, 11:49

The June data from Land Registry's flagship House Price Index shows an annual price decrease of -2.5 per cent which takes the average property value in England and Wales to £161,479.

The monthly change from May to June is 0.0 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 0.8 per cent.

Wales experienced the greatest monthly rise with a movement of 2.8 per cent. The North East experienced both the greatest annual price fall with a decrease of -7.1 per cent and the most significant monthly price fall with a movement of -2.1 per cent.

The most up-to-date figures available show that during April 2011, the number of completed house sales in England and Wales decreased by 7 per cent to 48,704 from 52,272 in April 2010.

The number of properties sold in England and Wales for over £1 million increased by 45 per cent between April 2010 and April 2011, from 549 to 798.


www.landregistry.gov.uk/houseprices

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