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

How to help out hoarders
Breaking News

Repossessed homes suffer 30% hit in value

The latest research from House Buyer Bureau reveals that there are almost 1,500 repossessed homes listed for sale on England’s housing market, with the largest numbers located in the South East and North West. House Buyer Bureau analysed England’s housing market to identify how many repossessed properties are currently for sale, where they are located,…
Read More →
Estate Agent Talk

Property renovations bringing housing prices down rather than up

Five renovations that might bring your house price down instead of up, according to a property finance expert Expert warns that not all home improvements add value Over-personalisation is one of the biggest risks Renovation mistakes could shave THOUSANDS off final sale price Homeowners can spend tens-of-thousands of pounds on renovating their home, but not…
Read More →
Letting Agent Talk

Scotland beats London for Britain’s rental market divide

London may be home to the highest rents in the land, with tenants in Kensington and Chelsea paying an average of £3,629 per month, but the latest research from London lettings and estate agent, Benham and Reeves, has revealed that Scotland is actually home to the greatest proportional divide between its most and least expensive…
Read More →
Estate Agent Talk

Here’s how to spot a motivated seller & negotiate a better deal

With the number of homes on the market at a 12-year high, buyers could have more room to negotiate this autumn. Property experts at Landlord Resource have shared their tips for spotting a motivated seller and negotiating a better deal on your next home. Saif Derzi, co-founder of Landlord Resource, has shared 5 ways to…
Read More →
Rightmove logo
Breaking News

Price increase hints at usual Autumn bounce

Average newly-listed asking prices rise by 0.7% (+£2,441) this month to £367,440, the first monthly price increase since May: September’s above-average price increase for the time of year is a possible early sign of the usual Autumn bounce in activity, though there is considerable ground to make up after a somewhat subdued and distracted summer…
Read More →
bank of england interest rate
Breaking News

Bank of England’s rate hold

The Bank of England has held interest rates at 3.75% for the sixth consecutive time. Matt Smith, Rightmove’s mortgage expert, says: “The Bank of England’s decision to hold the base rate will come as welcome news to mortgage borrowers, particularly those on tracker mortgages whose monthly repayments move in line with changes to the base…
Read More →