26 Mar

London shows house price rise, Land Registry reveals

London shows house price rise, Land Registry reveals

Property for sale in London has risen in value in 2009, new figures show.

According to the Land Registry, the area saw the most significant increases in prices over the last year.

The organisation, which registers title to land in England and Wales and records dealings with such land, noted that there was a jump of 11.9 per cent from February 2009 to the same month this year.

Meanwhile, the region that experienced the second biggest monthly increase was the north-west.

Values there rose by 3.6 per cent between the first and second months of 2010, it was revealed.

It was also shown that the average house price in England and Wales now stands at £164,455.

Additionally, the Land Registry found that the number of completed house sales in the two countries over the course of last month increased by 89 per cent compared with December 2008.

Over the course of the 28-day period, a total of 73,889 such transactions occurred.

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