House Prices continue to rise
The September data from Land Registry’s House Price Index shows that house prices in England and Wales have increased with a monthly house price increase of 0.9% up from 0.5% in August.
In Pembrokeshire house prices increased by 1.2% in September. The average house price is now £148,698.
The average house price in England and Wales is now £158,377. This is an annual drop of -5.6%, up from a low of -16.3% in February.
London experienced the greatest monthly price rise with a movement of 1.3 per cent. The average property price in the capital is now £314,954. 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 East with a movement of -8.2 per cent. Neath Port Talbot experienced the greatest annual price fall with a drop of 18.7 per cent.
The most up-to-date figures available show that during July 2009 the number of completed house sales in England and Wales rose by 9 per cent to 57,579 from 52,628 in July 2008. Monthly sales in England and Wales have risen steadily each month since January 2009 when they stood at 26,662.
