The June data from Land Registry’s House Price Index shows an annual price increase of 8.4%, the eighth month in a row in which the annual figure has been positive.
The average property value in England and Wales is now £166,072, while the monthly change from May to June is an increase of 0.1%. House prices are now around the same levels as they were in the summer of 2006.
All regions in England and Wales experienced increases in their average property values over the last 12 months. The region with the highest annual price change is London with an increase of 12.2%. The region with the smallest annual price rise is the North East with a movement of 0.7%.
Wales experienced the greatest monthly rise with a movement of 2.9%. The North East region experienced the most significant monthly price fall with a movement of -1.3%.
The most up-to-date figures available show that during April 2010, the number of completed house sales in England and Wales rose by 26% to 49,323 from 39,280 in April 2009.
Simon Rubinsohn, RICS chief economist said: “House prices on this measure are just 9.5% away from their previous high
