Market trend data for September
Land Registry monthly market trend data for residential property prices in England and Wales.
The September data shows an annual price increase of 5.3 per cent which takes the average property value in England and Wales to £186,553. Monthly house prices up 1.0 per cent since August 2015.
The regional data indicates that:
The region with the most significant annual price increase is London with a movement of 9.6 per cent
London experienced the greatest monthly rise with a movement of 1.8 per cent
The North East saw the only annual price decrease with a movement of -0.3 per cent
The North East also saw the most significant monthly price decrease with a fall of 0.3 per cent
Sales and repossessions during July 2015, the most up-to-date figures available, show that:
The number of completed house sales in England and Wales decreased by 4 per cent to 81,696 compared with 84,691 in July 2014
The number of properties sold in England and Wales for over £1 million decreased by 9 per cent to 1,413 from 1,555 a year earlier.
Repossessions in England and Wales decreased by 50 per cent to 471 compared with 943 in July 2014
The region with the greatest fall in the number of repossession sales was London
For full details: https://www.gov.uk/government/news/september-2015-market-trend-data-from-land-registry
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