14:28 PM, 27th October 2010, About 12 years ago
House prices are pretty much at a stand still this year although prices are up an average 6.7% for all types of property on July last year.
Prices climbed a modest 0.4% in July, according to the latest house price data from the Land Registry.
Although the best reported increase since January, the change is fractional compared to double-digit increases at the peak of the market before the buble burst in recession.
Average property prices in England and Wales are £166,798 – the break down for different property types is:
Between February to May 2009, average monthly sales were 36,947 compared to 48,219 for the same months this year – an increase of 23%.
Prices in London are up 12.1% year-on-year, which is the strongest growth in any region in of England and Wales in the period.
House prices in London returned a monthly growth of 1.6% for July 2010, which is the largest rise since January 2010. The average house in the capital is now worth £343,730.
The region where prices fell the most is the North East with a movement of minus 1.4%.
Prices in the South West showed the greatest monthly rise with a movement of 2.2%.
Wales had the most significant monthly price fall, with a drop of 1.1%.
The Land Registry House Price Index (HPI) captures changes in the value of residential properties in England and Wales.
The HPI is published by Land Registry using sales data collected on all residential housing transactions, whether for cash or with a mortgage, since January 1995.
The survey breaks down house prices figures for the period by region, council area and city – for the full report click here.
If you are looking to buy or refinance at the moment please remember that buy-to-let mortgage quotations are available to you 24/7 – simply CLICK HERE.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Previous ArticleGas watchdog hots up on safety checks
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|