Tuesday, August 8, 2006
Land Registry HPI
The price of an average home in England and Wales is now nearly £200,000, according to the Land Registry. In the April to June period the average house price in England and Wales was up 7.71% on a year ago to £199,184. In addition, the number of home sales jumped by 24% compared with last year, the registry said. Last week, the Bank of England raised interest rates in a bid to quell inflation and some analysts think this move could cool the housing market.