Property prices rose 12% in 2003 - Land Registry

Quarterly residential property figures reveal Wales saw the highest house price climb in 2003, as its properties grew an average 24.5% from £89,342 to £111,272, while Greater London saw a rise of just 7.78%, increasing the average London property value from £241,838 to £260,659. At the same time, however, 760 London properties worth over £1m were sold in 2003, suggest the October – December figures, says the Land Registry. AVERAGE PRICE BY COUNTRY AND REGION COUNTRY/REGIONOCT -DEC 2002AVE. PRICEOCT-DEC 2003AVE. PRICE% INCREASEENGLAND & WALES£145,251£163,58412.62%WALES £89,342£111,2722...