Land Registry confirms slower house price growth

Statistics presented by the land Registry indicate the average house price for the last three months of the year stood at £189,920 – an annual increase of 11.82% from £163, 564 compared with an increase of 12.62% in Q4 2004. That said, the volume of sales has dropped by almost a quarter (23.8%) from 301,405 in 2003 to just 229,724 – again suggesting purchase of new houses is being slowed by the romp of property prices over recent years. In Greater London, the average property price has reportedly climbed at a slower rate between October and December 2004 as values rose 6.15% From £260...