Land Registry shows small rise in house prices for June

The annual drop of 14% has now taken the average house price to £153,046.

London experienced the greatest monthly rise with a movement of 2%, making it the region with the greatest monthly change and an average property value of £301,859.

All regions in England and Wales experienced a decrease in their average property values over the last 12 months.

The region with the most significant annual price fall was the North East with a movement of -15.9%.

Luton experienced the greatest annual price fall with a drop of 23%.

The most up-to-date figures available show that during April 2009 the number of completed house sales fell by 42% to 36,233 from 62,393 in April 2008.

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