Posts with tag: house sales volumes

Sales Volumes Drop Across England and Wales

Published On: July 29, 2015 at 12:26 pm

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Categories: Landlord News

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Sales Volumes Drop Across England and Wales

Sales Volumes Drop Across England and Wales

Sales volumes dropped significantly in the first four months of this year.

They averaged 57,918 a month, down from 66,949 per month in the same period in 2014.

In April, sales fell in England and Wales by 19%, at 57,180 compared to 70,244 the previous year.

Sales in London suffered even more, with transactions down 26% in April, at 7,001 from 9,491 in April 2014.

The average house price in England and Wales was £181,619 in June, according to Land Registry.

This is 1.1% higher than in May and up 5.4% on June 2014.

In London, prices rose by 1.8% over the month and 9.2% annually, with an average price of £481,820.

Recent Land Registry data reveals that annually, every region recorded house price increases, but on a monthly basis, some regions saw prices drop by between 0.2% and 0.9%, including the West Midlands, the East of England and Yorkshire & the Humber.