The Figures are out!

Tuesday 29 September 2015  / Ruth Montia

Newly released Land Registry data, shows that an average of 65,550 transactions per month between March and June in comparisons to 73,985 sales a month in the same period last year.

The number of homes sold over the spring and summer was down on 2014 while house price rises are at their lowest since November 2013.

The Registry’s August price data is showing an annual price increase of 4.2% which takes the average property in England and Wales to £184,682.

The regional data is indicating that East Anglia is the region with the most significant annual price increase with a rise of 8.4%, although in August the biggest increase was in London where typical prices rose by 1.7%.

The North West has seen the lowest annual price increase of 0.2%, but also showed the most significant monthly price decrease with a drop of 1.4% in August.

During June 2015, sales and repossessions show the number of completed house sales in England and Wales reduced by 13% to 70,404 compared to 80,823 in June 2014.

The number of properties sold in England and Wales for over £1m declined by 17% to 1,031 from 1,237 a year previous.

Meanwhile repossessions in England and Wales decreased by 43% to 498 compared with 868 in June 2014 and the region with the greatest fall in the number of repossession sales was London.