Friday, November 26, 2010
Another carving of Land Registry bear food
Monthly average house prices fell 0.8 per cent in October in England and Wales, the largest monthly fall seen since February 2009.This was the second consecutive month of falling house prices and the average price of a property was Â£165,505 in October, data from the latest Land Registry house price index has shown. Annual house price growth stood at 3.4 per cent, the fifth consecutive month in which the figure has fallen. Sales volumes have increased over the past year, from an average of 55,614 transactions a month in May to August 2009, to 59,512 in the same period this year.