Annual price growth at 6.8% says Land Registry

Posted: 03 Jan 2007 10:10:25 GMT


            Property News - Annual price growth at 6.8% says Land Registry

House price growth reached an annual figure of 6.8 per cent during 2006, official government figures from the Land Registry have shown

House price growth reached an annual figure of 6.8 per cent during 2006, official government figures from the Land Registry have shown.

The figures, relating to the 12 months up to November 2006, showed that price inflation slowed in November following frenetic activity during September and October.

Nonetheless, growth was still running at 0.6 per cent, approximately twice the growth recorded during the same period of 2005.

The registry also said that the London market cooled during November, falling 0.6 per cent, although the capital still recorded annual growth of 7.8 per cent

"After six months of outperforming the rest of the country, house price growth in London has shown a slight weakening," said the report.

The best-performing region during November was the West Midlands where prices increased 2.5 per cent over the month to £149,096, or 5.7 per cent over the year.

The average annual house price stood at £176,006 at the end of November.

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