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House prices increase 8.4% on 2009

29th July 2010 | back to article listings BACK    print this article PRINT

House prices in England and Wales rose 8.4% year-on-year in June to reach levels last seen in summer 2006, new figures from the Land Registry show.

The average property value stood at £166,072 in June - up 0.1% from May, while the Land Registry's House Price Index saw the eight consecutive month of year-on-year growth.

Property prices rose in all regions on England and Wales in the year to June, with London experiencing the biggest increase at 12.2% and the North East seeing the lowest at 0.7%.

The highest monthly increase in June was in Wales with 2.9%, but prices in the North East region dropped 1.3% from May.

According to the latest figures available, the number of completed house sales was up 26% on the year in April from 39,280 to 49,323.

Copyright © Press Association 2010

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