The November data from Land Registry’s flagship House Price Index shows a positive monthly house price change of 0.9%, which is the sixth month in a row in which the movement has been above 0%.
The annual house price change stands at -0.3%. This is the seventh month in a row in which the annual rate of decline has decreased. The average house price in England and Wales is now £161,554.
Four regions in England and Wales experienced increases in their average property values over the last 12 months. The region with the most significant annual price fall was Yorkshire & The Humber with a movement of -4.7%.
Wales experienced the greatest monthly rise with a movement of 2.9%. The West Midlands was the region with the most significant monthly price fall with a movement of -0.4%.
The most up-to-date figures available show that during September 2009 the number of completed house sales in England and Wales rose by 30% to 53,482 from 41,302 in September 2008. Transaction volumes, while no longer falling at 2007 rates, remain relatively low.
