December data from the Land Registry shows an annual average house price increase for the first time since May 2008, indicating the UK property market is bouncing back after a torrid 18 months.
Seven regions in England and Wales experienced increases in their average property values over the last 12 months. The region with the highest annual price change was London with an increase of 6.1%. The region with the most significant annual price fall was Wales with a movement of -2.5%.
The 2.5% annual average house price increase was accompanied by a slight monthly increase in December of 0.1%. The average house price in England and Wales now stands at £161,783.
The monthly change of 0.1% is the eighth month in a row above zero. Both the North East and the West Midlands experienced the greatest monthly rises with movements of 1.9%. Wales was the region with the most significant monthly price fall with a movement of -2%.
The most up-to-date figures available show that during October 2009 the number of completed house sales in England and Wales rose by 34% to 59,482 from 44,530 in October 2008.
** Conveyancing Information & Advice **
Alternatively, you may want to speak with a conveyancing solicitor. You can find a solicitor in your area for free via solicitor matching services, which can also help you to understand the best course of action for your situation and whether you are ready to hire a solicitor.
You may also like:
- Criminal law: Deepcut inquest hears evidence soldier may not have…
- Terrorism: Parents of IS suspect, ‘Jihadi Jack,’ arrested for attempting…
- Medical law: Mother awarded compensation after doctors performed caesarean without…
- Prisons: Prime Minister outlines government prison reform proposals in speech
- International: United Nations panel rules Wikileaks founder’s confinement is ‘arbitrary…
If you cannot find what you are looking for on Findlaw.co.uk please let us know by contacting us at: firstname.lastname@example.org.
Furthermore, please be aware that while we attempt to ensure all our information is as up-to-date and relevant as possible occasionally some our articles may no longer be accurate.