- June house prices up 0.1 per cent since May: average house price in England and Wales now £161,777
- South East tops the table of regional applications with 222,280 in June
- Over 50,000 residential property sale prices in England and Wales lodged for registration in June
The June data from Land Registry’s flagship House Price Index shows an annual price increase of 0.9 per cent which takes the average property value in England and Wales to £161,777. The monthly change from May to June is an increase of 0.1 per cent.
- The region in England and Wales which experienced the highest increase in its average property value over the last 12 months is London with a movement of 6.3 per cent.
- Wales experienced the greatest monthly rise with an increase of 2.5 per cent.
- Yorkshire & The Humber experienced the greatest annual price fall with a decrease of 1.9 per cent.
- Yorkshire & The Humber also saw the most significant monthly price fall with a decrease of 0.3 per cent.
- The most up-to-date figures available show that during April 2012, the number of completed house sales in England and Wales decreased by 19 per cent to 41,244 compared with 50,721 in April 2011.
- The number of properties sold in England and Wales for over £1 million in April 2012 decreased by 43 per cent to 468 from 825 in April 2011.
House Price Index
| Region | Monthly change (since May 2012) |
Annual change (since June 2011) |
Average price (June 2012) |
|---|---|---|---|
| Wales | 2.5% | 0.2% | £118,847 |
| North East | 1.7% | -0.9% | £101,689 |
| West Midlands | 1.4% | 0.4% | £131,159 |
| North West | 1.1% | -1.3% | £111,167 |
| London | 0.2% | 6.3% | £359,476 |
| South East | 0.1% | 1.4% | £209,069 |
| England & Wales | 0.1% | 0.9% | £161,777 |
| East | 0.1% | 0.6% | £173,183 |
| East Midlands | -0.1% | -0.2% | £123,166 |
| South West | -0.2% | 1.2% | £172,405 |
| Yorkshire & The Humber | -0.3% | -1.9% | £117,908 |