The latest figures from Land Registry show a July increase of 1.7% in all regions in their average property values.

The July increase in England and Wales is the strongest monthly growth since July 2004 and the third month in a row with a positive movement. The annual drop of 11.7 per cent takes the average house price to £155,885.

Wales experienced the greatest monthly rise with a movement of 3.1 per cent and an average property value of £123,122.

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