Land Registry: November house prices up 0.3%

The region in England and Wales which experienced the greatest increase in its average property value over the last 12 months is London with a movement of 5.9%.

The North East experienced the greatest monthly rise with an increase of 2.4%. It also experienced the greatest annual price fall with a decrease of 2.9%.

Wales saw the most significant monthly price fall with a decrease of 1.6%.

The most up-to-date figures available show that during September 2012, the number of completed house sales in England and Wales decreased by 21% to 50,517 compared with 63,552 in September 2011.

Meanwhile, the number of properties sold in England and Wales for over £1million in September 2012 decreased by 19% o 613 from 753 in September 2011.

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