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

Breaking News

UK Gov announcement capping ground rents at £250

The Government has announced that it will cap ground rents at £250 per year in England and Wales, as part of changes to the leasehold system. The measures announced by the Prime Minister aim to give homeowners greater control over their properties and include new leasehold flats to be banned and existing leaseholders getting the…
Read More →
Breaking News

Landlords behind the curve on tax changes, and tenants could pay the price

Millions of renters are facing another cost-of-living hit, thanks to a botched tax overhaul and landlords who admit they don’t know what they’re doing. A new survey suggests most landlords are woefully unprepared for Making Tax Digital (MTD), a government tax overhaul due to begin this April. Just 1 in 8 landlords say they understand…
Read More →
Breaking News

Rental Inflation Grinds to a Halt as Rent Controls Arrive in Scotland

Rental growth falls close to zero at just 0.2% Rents fall in real terms as new Act gives rise to controls Caution advised for future council market analyses   National rental growth falls to near zero as new rent control powers land in Scotland’s Private Rented Sector. The latest Citylets report shows the rate of…
Read More →
Estate Agent Talk

Buying schemes remain in high demand but short supply across England

The latest research from Yopa, the full-service estate agents, reveals that whilst buying schemes designed to to help homebuyers onto the ladder are in high demand, the stock availability of properties with such offerings is low. Yopa has analysed the current market for for-sale housing stock in England, looking at what proportion of homes currently…
Read More →
Breaking News

Draft Commonhold and Leasehold Reform Bill

ALEP (the Association of Leasehold Enfranchisement Practitioners) has welcomed the publication of the Draft Commonhold and Leasehold Reform Bill, describing it as an important step in the government’s long stated aim to modernise tenure structures in England and Wales. The draft Bill, published as a policy paper, sets out to reinvigorate and reform the commonhold…
Read More →
Estate Agent Talk

New Phase for London’s Super-Prime Market

By Daniel Austin, CEO and co-founder at ASK Partners London’s super-prime residential market is entering a new phase, defined not by retrenchment, but by renewed global interest, improved value and a subtle shift in buyer dynamics. After several years of price adjustment, the capital is attracting a fresh wave of internationally mobile purchasers who see…
Read More →