Machins Solicitors LLP
Leading Solicitors in Bedfordshire, Hertfordshire & Buckinghamshire
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House prices increased by 8.7% in the year to June

Posted: 27th September 2016   In: Residential Conveyancing

House prices in England and Wales rose by 8.7% in the year to June, according to the latest figures in the UK House Price Index provided by the Land Registry.

The monthly increase from May was 1.0% taking the price of the average house in the UK to £213,927.

In England, the June data showed an annual price increase of 9.3%, which took the average property value to £229,383. Monthly house prices rose by 0.8% since May 2016.

Wales showed an annual price increase of 4.9%, taking the average property value to £145,238. Monthly house prices rose by 1.2% since May 2016.

London produced an annual price increase of 12.6%, creating an average property value of £472,204. Monthly house prices rose by 0.2% since May 2016.

The regional data indicates that:

It should be remembered that the figures do not include the full impact of the Brexit referendum decision on June 24.

Please contact Dipak Odedra or Shyam Patel if you would like advice about the legal aspects of buying or selling a home.

Posted by: Dipak Odedra
Residential Conveyancing
Berkhamsted Office