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ADDED
31/07/08 |
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London house prices see biggest fall but North East bucks the trend |
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 10th 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 www1.landregistry.gov.uk/houseprices/
| Region |
Monthly change (%) |
Annual change (%) |
Average price (£) |
| |
| North East |
4.1 |
3.1 |
133,508 |
| South East |
-0.4 |
1.3 |
225,747 |
| Yorkshire/Hmbr |
-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 (England and Wales) |
| Property type |
June 2008 |
June 2007 |
| Detached |
£274,487 |
£272,363 |
| Semi-detached |
£169,296 |
£170,311 |
| Terraced |
£141,707 |
£141,535 |
| Flat/msontte |
£169,090 |
£169,116 |
| All |
£180,781 |
£180,594 0.1 |
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