House prices remained fairly static during February, with only a moderate monthly price shift, according to the latest figures from the Land Registry.
Although the average house price stands at £185,616 across England and Wales, London prices fell by 0.4% with the average price for a house in the capital dropping to £353,760. However, the annual growth in London remains higher than any other region at 10.6%. The West Midlands experienced the highest monthly rise with an increase of 1.3% , and Wales had the most significant monthly fall with a drop of 1.1%. The number of transactions during the period September to December 2007 averaged 90,880 per month, down from 117,301 for the same period last year. The number of properties sold in ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes