Land Registry records price fall
PROPERTY prices in England and Wales fell by 0.3 per cent between March and April to stand at £160,417 – 1 per cent less than last year, according to the Land Registry.
They were buoyed by an annual rise in London prices of 5.1 per cent. The average price of a property in the capital is now £360,721.
By contrast, house prices fell in most regions, with a monthly fall of 2.7 per cent in the West Midlands and 2.4 per cent in Yorkshire.
The Land Registry also reported more property transactions earlier this year. The latest statistics show an average of 52,350 sales per month between November and February, up from 47,624 for the same period the year before.