1 Apr

'No change' in February prices

'No change' in February prices

House prices remained static during February, according to new figures released by Land Registry, with the average price of a property staying at £185,616.

But annual inflation dropped to stand at 5.3 per cent up until the end of the month, the firm stated, the slowest rise since July 2006.

London was the only area to see yearly growth in double figures, with an inflation level of 10.6 per cent, while the south-east and north-east also performed well.

Additionally, an average of 90,880 homes were sold on a monthly basis during the period from September to December, Land Registry revealed.

In Wales, the average cost of a home fell by 1.1 per cent during Febraury, to stand at a typical price of £140,031.

And in the West Midlands, growth stood at 1.3 per cent in the some month, the firm observed.

Another report, this time from Hometrack, has stated that house prices fell for the sixth month in a row during March.ADNFCR-1222-ID-18532066-ADNFCR

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