HOUSE PRICES FALL ONE PER CENT IN JUNE
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 per cent.
The most up-to-date figures available show that during April 2008 the number of completed house sales fell by 39 per cent to 57,831 from 95,223 in April 2007.
House prices in London fell by 2.5 per cent 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 the House Prices section.
|
Region |
Monthly change (%) |
Annual change (%) |
Average price (£) |
|
North East |
4.1 |
3.1 |
133,508 |
|
South East |
-0.4 |
1.3 |
225,747 |
|
Yorkshire & The Humber |
-0.6 |
0.0 |
143,054 |
|
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 property type ( England and Wales ) |
June 2008 |
June 2007 |
Difference (%) |
|
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 |
Heather Edwards 020 7166 4487
heather.edwards@landregistry.gsi.gov.uk
Marion Shelley 020 7166 4543
marion.shelley@landregistry.gsi.gov.uk
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