Land Registry: May house prices down 0.4 per cent since April

The only region in England and Wales to experience an increase in its average property value over the last 12 months is London with a movement of 2.9 per cent. 

The East Midlands experienced the greatest monthly rise with a movement of 0.4 per cent. The North East again experienced the greatest annual price fall with a decrease of -6.9 per cent.  Wales is the region which experienced the most significant monthly price fall with a movement of -3.5 per cent.
The most up-to-date figures available show that during March 2011, the number of completed house sales in England and Wales decreased by -13 per cent to 44,803 from 51,399 in March 2010.

The number of properties sold in England and Wales for over £1 million increased by 58 per cent between March 2010 and March 2011, from 511 to 805.

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One thought on “Land Registry: May house prices down 0.4 per cent since April

  1. Simon Ellis

    To obtain an accurate figure of property valuations the effect of inflation should also be taken into account. Assuming that the official figure of 4% per annum is correct(!) then the annual fall is more like 6%. That ignores any allowance for repairs and renewals.

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