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House prices rise for eighth month in a row

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June data from the Land Registry House Price Index shows an annual house price increase of 8.4%, which is the eighth month in a row in which the movement has been positive.

NDSThe average house price in England and Wales is now £166,072. The monthly change from May to June is an increase of 0.1%.

All regions in England and Wales experienced increases in their average property values over the last 12 months. The highest annual price change is London with an increase of 12.2%. The region with the smallest annual house prices rise is the North East with a movement of 0.7%.

Wales experienced the greatest monthly rise with a movement of 2.9%. The North East region experienced the most significant monthly price fall with a movement of -1.3 per cent.

House price movement by region:

Region

Monthly change
(since May '10)

Annual change
(since June '09)

Average price
June 2010

Wales

2.9

6.4

£126,925

East Midlands

1.2

6.8

£129,614

Yorkshire & The Humber

0.9

5.7

£127,873

East

0.8

10.5

£178,086

London

0.5

12.2

£338,027

England & Wales

0.1

8.4

£166,072

West Midlands

-0.6

5.0

£135,056

South East

-0.9

10.1

£209,722 

South West

-1.1

8.1

£176,278

North West

-1.1

4.0

£119,254

North East

-1.3

0.7

£107,776


The most up-to-date figures available show that during April 2010, the number of completed house sales in England and Wales rose by 26% to 49,323 from 39,280 in April 2009.

For more information and to view the report in full, visit the .

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