July market trend data.

August 28, 2015

Land Registry’s monthly Market Trend Data for residential property prices in England and Wales releases the figures for July,  data shows an annual price increase of 4.6 per cent which takes the average property value in England and Wales to £183,861. Monthly house prices up 1.7 per cent since June 2015.

The regional data indicates that: the region with the most significant annual price increase is the East with a movement of 8.9%,  the East also experienced the greatest monthly rise with a movement of 2.8%, the North East saw the lowest annual price increase of 0.4%, Wales saw the only monthly price decrease with a fall of 0.3%

Sales and repossessions during May 2015, the most up-to-date figures available, show that: the number of completed house sales in England & Wales decreased by 15% to 65,619 compared with 77,488 in May 2014, the number of properties sold in England and Wales for over £1 million decreased by 21% to 878 from 1,113 a year earlier, repossessions in England and Wales decreased by 47% to 496 compared with 937 in May 2014, the region with the greatest fall in the number of repossession sales was the South East.

To see the full report visit website… https://www.gov.uk/government/news/july-2015-market-trend-data

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

painting with polycell crack free ceilings
Home and Living

The Benefits of Repainting Your Interiors

Repainting your home’s interior is a simple yet powerful way to refresh and revitalize your living space. Whether you’re looking to update outdated colors, boost your home’s value, or create a more inviting atmosphere, a fresh coat of paint can make a significant difference. In this article, we will explore the numerous benefits of repainting…
Read More →
Breaking News

UK house sales up 19% year on year for December

The latest UK monthly property transaction report from the HMRC.   The provisional seasonally adjusted estimate of the number of UK residential transactions in December 2024 is 96,330, 19% higher than December 2023 and 3% higher than November 2024 The provisional non-seasonally adjusted estimate of the number of UK residential transactions in December 2024 is 98,120, 15%…
Read More →
Estate Agent Talk

UK House Price Index from Nationwide -Thoughts from the Industry

Commenting on the latest UK House Price Index from Nationwide showing property prices have risen by 4.1%, here are some thoughts from the Industry. Daniel Austin, CEO and co-founder at ASK Partners: “We are continuing to see a rise in house prices, which is hopefully the sign of an upward trend developing going into 2025.…
Read More →
Breaking News

House price growth softens at the start of 2025

Annual rate of house price growth slowed to 4.1% in January, compared with 4.7% in December House prices up 0.1% month on month Little change in overall rate of home ownership in recent years despite affordability pressures Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The price of a typical UK home rose…
Read More →
Home and Living

Mastering Sleep: The Bensons for Beds Difference

Sleep is one of the most fundamental aspects of our health and well-being. A good night’s rest rejuvenates the body, sharpens the mind, and enhances overall productivity. Yet, millions of people struggle with poor sleep due to discomfort, stress, and unsuitable bedding. Enter Bensons for Beds, a leading name in the sleep industry, dedicated to…
Read More →
Breaking News

Leaseholders To Benefit Significantly from the removal of Two-Year Rule

Residential property transactions could become easier following the removal of the two-year rule for leasehold property extensions which comes into force today (31 January 2025) but lawyers have warned the necessity of proving ownership could be challenging due to Land Registry backlogs. This significant change means leaseholders no longer need to own their leasehold property…
Read More →