3 September 2010

Despite several forecasts and analysts claiming of falls in house prices the Land Registry has recently released figures contrasting this.

The Land Registry has reported that house prices rose by 0.4% in July, bringing the average value of property in England and Wales to £166,798. The figures indicate the strongest market growth since January, with areas such as London and Brighton posting strong figures. There was regional variation, however, as Cardiff and Bath were two examples of a slowing market.

The Land Registry also claim that transactions increased during the period of February to May 2010, with 48,219 compared to 36,947 the year before.

Estate agency signboard supplier Agency Express echoed these sentiments, as they believe that transactions in August increased by 0.9% compared with July. The number of houses reported as 'sold' in August was the fourth highest month in 2010 - up 6.2% from August 2009 and 50.7% the year before.

 

Source: Estate Agent Today

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