28 Oct

Land Registry figures reveal average house price

Land Registry figures reveal average house price

Estate agents with property for sale in Fareham may find that the average house goes for around £158,377, according to new figures.

The latest statistics from the Land Registry's flagship House Price Index show this to be the average cost of a property in England and Wales – which represents a monthly change of 0.9 per cent.

In the capital, the monthly price rise was 1.3 per cent, which amounted to an average property price of £314,954.

This data also shows that the number of people buying and selling appears to be on the increase. In January, there were 26,662 house sales, which rose to 57,628 in July.

Although all areas of the UK have experienced a decline in property values over the past 12 months, the Land Registry's figures show that Neath Port Talbot had the greatest fall of 18.7 per cent.

The organisation works to maintain a stable and effective land registration system in the UK, as well as allowing confident property dealings.ADNFCR-1222-ID-19431474-ADNFCR

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