Construction News

28/07/2008

House Prices Fall One Per Cent In June

Average house prices in England and Wales fell one per cent in June, taking the average price to £180,781, according to the latest figures from Land Registry.

Annual house price growth shows a decline for the tenth consecutive month, with an increase of 0.1%.

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The most up-to-date figures available show that during April 2008 the number of completed house sales fell by 39% to 57,831 from 95,223 in April 2007.

House prices in London fell by 2.5% in June - more than any other region in England and Wales, taking the average London house price to £345,136. The North East bucked the downward trend being the only region to experience growth, with a monthly increase of 4.1%.

(CD/JM)

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