Ups and downs of house price figures
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.