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Land Registry House Price Index Latest News
Annual house prices in England and Wales fell by 10.1 per cent in October, according to the latest figures. The average house price is now £165,529 representing a decrease month-on-month of 1.5 per cent.
The most up-to-date figures available show that during August 2008 the number of completed house sales fell by 64 per cent to 45,437 from 124,517 in August 2007.
Annual house prices in England and Wales fell by 8 per cent in September to prices last seen in autumn 2006, according to the latest figures from Land Registry. The average house price is now £168,814 which is also a decrease month-on-month of 2.2 per cent.
London also experienced a decrease in its average property value over the last 12 months, with a movement of -1.5 per cent, taking the average London house price to £328,927.
Hartlepool again experienced the highest annual change with an increase of 4.7 per cent, taking its average property price to £115,018.
The most up-to-date figures available show that during July 2008 the number of completed house sales fell by 57 per cent to 49,784 from 116,751 in July 2007.
This information is sourced from the land registry
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