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House prices fall one percent in June

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House prices fall one percent in June
Print 2008-07-30 21:44  

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Average house prices in England and Wales fell one per cent in June, taking the average price to £180,781, according to the latest figures from Land Registry.

Annual house price growth shows a decline for the tenth consecutive month, with an increase of 0.1 percent.

The most up-to-date figures available show that during April 2008 the number of completed house sales fell by 39 percent to 57,831 from 95,223 in April 2007.

House prices in London fell by 2.5 percent in June - more than any other region in England and Wales, taking the average London house price to £345,136. The North East bucked the downward trend being the only region to experience growth, with a monthly increase of 4.1 per cent.

For more information and to view the latest statistical release visit www1.landregistry.gov.uk/houseprices/

For more information and to view the latest statistical release visit www1.landregistry.gov.uk/houseprices/

Region                Monthly       Annual change  Average price (£)
                      change (%)    (%)
North East              4.1           3.1            133,508
South East            -0.4          1.3            225,747
Yorkshire & The     -0.6          0.0            143,054
Humber
North West            -0.9          -0.6           134,337
East Midlands        -0.9          -0.6           142,906
South West           -1.4          -1.9           189,700
Wales                   -1.6          -1.9           136,280
West Midlands       -1.7          -2.3           149,375
East                      -1.9          -0.4           188,825
London                 -2.5          2.4            345,136

Average prices by     June 2008     June 2007      Difference (%)
property type
(England and Wales)
Detached              £274,487      £272,363       0.8
Semi-detached      £169,296      £170,311      -0.6
Terraced               £141,707      £141,535       0.1
Flat/maisonette     £169,090      £169,116       0.0
All                        £180,781      £180,594       0.1

 
http://nds.coi.gov.uk/


 


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