Small annual rise in 2010 prices
DATA from the Land Registry’s flagship House Price Index shows an annual price increase of 1.5 per cent in 2010, which takes the average property value in England and Wales to £163,814.
The monthly change from November to December was a decrease of 0.2 per cent. The region with the highest annual price change was London with an increase of 6.2 per cent. London also experienced the greatest monthly rise with an increase of one per cent. The region with the greatest annual price fall is the North East with a movement of –3.3 per cent. The South West region experienced the most significant monthly price fall with a movement of –1.2 per cent. House sales between October 2009 and 2010 fell by 15 per cent.