December house prices rose 0.1%, says Land Registry
- Friday, January 29, 2010, 20:15
- 1 comment
House prices in England and Wales rose 0.1% in December, marking the 8th consecutive month of growth, according to the latest Land Registry Data. The average house price in now £161,783.
The Land Registry’s flagship House Price Index also shows an annual price change of 2.5% – the first positive annual house price change since May 2008.
Seven regions in England and Wales experienced increases in their average property values over the last 12 months. The region with the highest annual price change is London with an increase of 6.1%.
The region with the most significant annual price fall was Wales with a movement of -2.5%. Both the North East and the West Midlands experienced the greatest monthly rises with movements of 1.9%.
Wales was the region with the most significant monthly price fall with a movement of -2%.
The most up-to-date figures available show that during October 2009 the number of completed house sales in England and Wales rose by 34% to 59,482 from 44,530 in October 2008.
Transaction volumes, while no longer falling at 2007 rates, remain relatively low.
About the Author
Personal finance writer for a host of publishers around the world, Mike is an avid follower of all things personal finance. He reveals what the latest personal finance headlines really mean for you and debunks common personal finance myths.
One Comment on “December house prices rose 0.1%, says Land Registry”
Write a Comment
Gravatars are small images that can show your personality. You can get your gravatar for free today!
Its about time we find a bottom, I’m not buying it yet, I think we’ll have a reaction when the interest rate skyrockets.