Land Registry data for August
Land Registry data for August shows a monthly house price change of -0.1%. This gives an annual decrease of -9.4% , which shows a marked improvment form -16.3% in February. The average house price in England and Wales is £155,968.
Property transactions averaged 41,911 sales per month during the months from March to June 2009. In the same period in 2008, the average was 60,997 sales per month.
London and the West Midlands experienced the greatest monthly price rise with a movement of 0.8%. The average property price in the capital is now £310,640. All regions experienced a decrease in their average property values over the last 12 months. The region with the most significant annual price fall was the North West with a movement of -12.7%. Hartlepool experienced the greatest annual price fall with a drop of 23.7%.
The most up-to-date figures available show that during June 2009 the number of completed house sales in England and Wales fell by 17% to 48,903 from 58,636 in June 2008, monthly sales in England and Wales have risen steadily during the first half of the year – up from 26,517 in January.
Tags: 90% mortgages, house sales, property prices
