Market trend data for August

Land Registry’s monthly Market Trend Data for residential property prices in England and Wales released today.

The August data shows an annual price increase of 4.2 per cent which takes the average property value in England and Wales to £184,682. Monthly house prices up 0.5 per cent since July 2015.

The regional data indicates that: the region with the most significant annual price increase is the East with a movement of 8.4 per cent.

London experienced the greatest monthly rise with a movement of 1.7 per cent,the North West saw the lowest annual price increase of 0.2 per cent. The North West also saw the most significant monthly price decrease with a fall of 1.4 per cent.

Sales and repossessions during June 2015, the most up-to-date figures available, show that: The number of completed house sales in England & Wales decreased by 13 per cent to 70,404 compared with 80,823 in June 2014, the number of properties sold in England and Wales for over £1 million decreased by 17 per cent to 1,031 from 1,237 a year earlier, repossessions in England and Wales decreased by 43 per cent to 498 compared with 868 in June 2014.

The region with the greatest fall in the number of repossession sales was London.

To see full report visit website: https://www.gov.uk/government/news/august-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.

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