Friday, Apr 30, 2010
LR: -0.6% MoM, +7.5% YoY
Times: House prices have fallen, says Land Registry
Signs of volatility in house price growth emerged yesterday as official figures showed a 0.6 per cent fall in average prices between February and March.
The Land Registry figures, which are a lagging indicator of prices based on completed transactions of second-hand properties, show that the average house price stands at £164,288 - 7.5% higher than a year ago, but down from £164,455 in February.
Posted by little professor @ 11:47 PM (1509 views) Add Comment
3 Comments
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1. a saver said...
Have been looking on zoopla lately. Checked Brighton, Edinburgh, Dundee and East Fife. According to their figures prices are still slightly down compared to 2 or 3 years ago but most people still have the prices only ever go up mentality.
Beginning to wonder if I'm going to be able to live in post-election Britain though, with all the talk of more tax on the way and cutting higher-rate tax relief on pension contributions.
2. paul said...
Well good on the Times for picking up on this. The BBC's studiously ignored this niggling statistic.
3. little professor said...
Paul - the BBC didn't ignore this report. They just put a different spin on it:
BBC - London leads in house price rises
All regions of England and Wales have seen a year-on-year increase in house prices, according to the Land Registry.