House Prices up in all Regions - 28.08.09

Author: David Whittaker Posted on: 28 August 2009

All regions in England and Wales recorded an increase in property prices, according to the latest Land Registry data. This is good news for Buy to Let landlords.

House prices rose by an average of 1.7% in July in England and Wales, compared with June. This was the biggest jump in property prices since July 2004, according to the Land Registry, and is the third month in a row with a positive movement.

Sales volumes averaged 35,848 per month from February to May 2009. In comparison to this, during the same months a year earlier, the figure stood at 61,743.

The London data for July mirrors that of England and Wales as a whole. London house prices show a monthly change of 1.6 per cent. This is the second month in a row where London's monthly change has been in positive territory. Annual change for London now stands at -10.2 per cent. The capital's average property is worth £306,963, in comparison to the England and Wales average of £155,885.

Author: David Whittaker