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Regional property prices rise as national average falls

Posted by: In: Real Estate 30 Apr 2014 Comments: 0 Tags: ,
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Photo: Bagelmouse

Both East and North East regions experienced the greatest monthly rise with a movement of 1.1 per cent from February 2014 to march, but the national monthly change shows a decrease of 0.4 per cent.

Wales saw the most significant monthly price fall with a movement of 4.2 per cent. The region also experienced the only annual price fall of 1.6 per cent.

While the UK property prices slid month-on-month, though, the country enjoyed an annual price increase of 5.6 per cent, which takes the average value in England and Wales to £169,124. The region in England and Wales which experienced the greatest increase in its average property value over the last 12 months is London with a movement of 12.4 per cent.

The most up-to-date figures available show that during January 2014 the number of completed house sales in England & Wales increased by 46 per cent to 63,123 compared with 43,373 in January 2013.

The number of properties sold in England and Wales for over £1 million in January 2014 increased by 61 per cent to 1,011 from 628 in January 2013.

Repossession volumes decreased by 31 per cent in January 2014 to 979 compared with 1,420 in January …read more

Source: The Movechannel

    

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