Land Registry figures for February
Land Registry has released its latest house price index and revealed that the average price of a home in England and Wales showed a monthly price decrease of 0.2%, annual growth now stands at 6.1%, bringing the average house price in England and Wales to £190,275.
The average house price of property in London has gone up £63,082 since February 2015, the average price of property in the capital is now £530,368.
The number of property transactions has decreased over the last year. From September 2014 to December 2014 there was an average of 79,237 sales, per month. In the same months a year later, the figure was 78,778.
Read the full report on the Land Registry website click here