Ups and downs of house price fig­ures

Yorkshire Post - Property - - PROPERTY -

The Land Registry in­dex re­veals that house prices were up an av­er­age 0.3 per cent in Au­gust but with York­shire prices show­ing the great­est monthly fall of 1.4 per cent.

An­nual prices rose 6.7 per cent with York­shire prop­erty show­ing a 2.6 per cent in­crease.

The re­gion with the high­est an­nual price change is London with a rise of 11.4 per cent.

Mean­while, Home­track’s sur­vey of es­tate agents and sur­vey­ors shows that prices fell by 0.4 per cent in Septem­ber, with York­shire out-per­form­ing this av­er­age at 0.3 per cent. Home­track say that the mar­ket is en­ter­ing the sec­ond phase of the re-pric­ing process as a re­sponse to falls in both sales vol­umes and de­mand. They say agents will start to fo­cus on repric­ing prop­erty on their books.

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