Land registry: House prices up 9.1%

Posted: 30 May 2007 11:36:50 GMT


            Property News - Land registry: House prices up 9.1%

House price inflation reached one of the highest levels of the last two years in April, the latest property market figures from the Land Registry have revealed.

House price inflation reached one of the highest levels of the last two years in April, the latest property market figures from the Land Registry have revealed.

According to the government agency's house price index, the latest results of which were released today, the average price of a property in England and Wales rose to £179,935 in April - 0.6 per cent higher than the figure for March.

This pushed the rate of annual house price inflation to 9.1 per cent, the Land Registry said.

"House price change in England and Wales remained positive for residential property," the registry said in its monthly report.

"The data for this month continues to show one of the highest annual increases in almost two years.

"A year ago, in April 2006, the annual price change was 4.1 per cent, less than half the 9.1 per cent annual price change in April 2007."

House price growth in London continued to outperform the rest of England and Wales, according to the figures, with property in the capital seeing annual price rises some six per cent higher than the rest of the country.

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