Month-on-month increase in house prices recorded

Call us on our free phone number 0800 587 0093

People Finder

Search AG

Share this site

My Ashton KCJ Bookmarks

Currently no favourites bookmarkedAdd this page to FavoritesCharacter limit exceeded! Limit:To delete the bookmark click on the title and drag out.Bookmark already exists!Custom titleDescriptionPlease fill in all required fields!

100smoothness

Warning: Invalid argument supplied for foreach() in /home/ashtonkc/public_html/modules/mod_cd_fapa/tmpl/default.php on line 56

Month-on-month increase in house prices recorded /resources/news/residential-property/1023-Month-on-month-increase-in-house-prices-recorded

Home > News & Resources > News > Residential Property > Month-on-month increase in house prices recorded

Month-on-month increase in house prices recorded

Property values in England and Wales went up by 0.1 per cent last month, new figures have revealed.

According to the Land Registry, this is the first time that house prices have seen a month-on-month increase since early 2008.

Property values in the East of England rose by 0.2 per cent in June, which means average prices in the region are now up to £161,451.

Despite the positive increase, the Land Registry has urged people not to expect a full recovery in the housing market.

"The movement does not signal a return to solid growth, but rather flattening prices," the organisation commented.

People looking to make a property purchase will still find that values are much lower than they were a year ago.

Average house prices were said to be 14 per cent down on the figure recorded in June 2008.

This comes shortly after Hometrack stated that factors such as rising unemployment and limited access to mortgage finance are hampering the possibility of a recovery in the housing market.

ADNFCR-2347-ID-19287409-ADNFCR