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Latest house prices show an annual rise but a monthly fall

Posted: 21st June 2017   In: Residential Conveyancing

House prices in the UK rose by 4.1% in the year to March, taking the average property value to £215,847.

However, the monthly figure between February and March dropped by 0.6%.

The number of sales has remained stable for the last three months, but in the year to January there was a substantial fall in the number of transactions.

In England, the March data from the Land Registry shows an annual price increase of 4.4%, which takes the average property value to £232,530. Monthly house prices fell by 0.6% compared with February.

Wales showed an annual price increase of 4.3%, taking the average property value to £147,746. Monthly house prices rose by 1.4% in March compared with February.

London showed an annual price increase of 1.5%, which takes the average property value to £471,742. Monthly house prices fell by 1.5% compared with February.

The regional data indicates that:

Sales during January 2017, the most up-to-date HM Land Registry figures available, show that:

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

 

Posted by: Lucie Stewart
Residential Conveyancing
Berkhamsted Office