The latest figures from Land Registry show a modest increase in the monthly change in house prices in England and Wales. In June property prices increased by 0.1%, which is the first time the monthly change has been positive since January 2008.

London experienced the greatest monthly rise with a movement of 2 per cent, making it the region with the greatest monthly change and an average property value of £301,859.

All regions in England and Wales experienced a decrease in their average property values over the last 12 months. The annual drop of –14% took the average house price to £153,046.

The region with the most significant annual price decrease was the North East with a movement of -15.9%. Luton experienced the greatest annual price fall with a drop of -23%.

The most up-to-date figures available show that during April 2009 the number of completed house sales fell by 42% to 36,233 from 62,393 in April 2008.

This entry was posted on Wednesday, July 29th, 2009 at 10:50 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.