House prices in England and land registry house prices Wales have continued to rise in September, 1.5% in the month to an average of w 167,063, according to the Land Registry. The latest snapshot of the market shows that in the last 12 months, prices have increased by 3.4 % on average in all English regions are higher than they were in September 2012. Wales, however, prices are down 1.7 % year on year and 0.4 % in September. The data, land registry house prices which excludes the prices paid for new or those that have not changed hands since 1995 houses, covering the pre- launch of the second part of the controversial government help to buy scheme period.
This provides a guarantee backed by taxpayers offering 95 % mortgages, and critics have suggested that will continue fueling a rising market and lenders land registry house prices. The Land Registry figures show that home sales rose more than 15 % in the early summer, with an average of 62,034 per month between April and July compared to 53,698 in the same period last year. The imbalance in the demand for goods in the market in some areas has been a factor in the price increase, land registry house prices and London, where a large number of buyers Caudate said that prices rose by 9.3 % and 1.9 years % during the month.
The largest increase was in the North East of England, which recorded an increase of 2.7 %. However, each year the prices have increased by 1.3 % to an average of w 101,262. In London, the average house price is now w 393,462, according to the land registry. Land registry house prices However, prices and inflation rates vary considerably across the capital. Hackney prices rose 12.8 % year on year and 1.2 % in September to an average of w 474,202, while in Needham fell 2.5 % in the year and 0.3% on the month to an average of w 225,738. The most expensive is the city of the UK, Kensington and Chelsea, I saw prices rise land registry house prices 7.5% in the last 12 months to an average of 1.16 million pounds.
Howard Archer, chief UK economist at HS Global Insight, said: Data from the Land Registry to add the widespread evidence that activity in the housing market has been significantly improved and strengthened before the price scheme helps buy land registry house prices mortgage was launched in early October. There is mounting that house prices could really take off in the coming months, especially if you already significantly improve the activity of the housing market and increased buyer interest is considerably more danger rises Help Buy with assurance system mortgage, which will land registry house prices take full effect in January.
