House prices positive four months in a row

Nine 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 11.9 per cent. The region with the most significant annual price fall was the North East with a movement of -2.3 per cent.

The North West experienced the greatest monthly rise with a movement of 3.6 per cent. Wales was the region with the most significant monthly price fall with a movement of -2.4 per cent.

The most up-to-date figures available show that during December 2009, the number of completed house sales in England and Wales rose by 89 per cent to 73,889 from 39,138 in December 2008.

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