April data from the Land Registry House Price Index shows an annual house price increase of 8.5 per cent, which is the sixth month in a row in which the movement has been above nought per cent.
The average house price in England and Wales is now £165,596. The monthly change from March to April is a rise of 0.2 per cent.
All regions in England and Wales experienced increases in their average property values over the last 12 months. The region with the most significant annual price change was London with an increase of 14.8 per cent. The region with the smallest annual price rise was Yorkshire & The Humber with a movement of 0.7 per cent.
The North East experienced the greatest monthly rise with a movement of 3.1 per cent. Yorkshire & The Humber is the region with the most significant monthly price fall with a movement of -2.2 per cent.
The most up-to-date figures available show that during February 2010, the number of completed house sales in England and Wales rose by 49 per cent to 40,502 from 27,190 in February 2009.
For more information and to view the report in full, visit the Land Registry website.
** Legal Information & Advice **
You can obtain information about buying and selling property on FindLaw.
Depending on your circumstances, however, you may want to speak with a solicitor who specialises in conveyancing. 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 and whether you are even ready to hire a solicitor.
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