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March house prices down 0.6 per cent since February: average house price in England and Wales now £160,372
4 years ago at 10:52

The March data from Land Registry's flagship House Price Index shows an annual price decrease of 0.6 per cent which takes the average property value in England and Wales to £160,372. The monthly change from February to March is a decrease of 0.6 per cent.


The region in England and Wales which experienced the highest increase in its average property value over the last 12 months is London with a movement of 0.7 per cent.


The North East experienced the greatest monthly rise with a movement of 5.6 per cent.


Wales experienced the greatest annual price fall with a decrease of 5.5 per cent and the most significant monthly price fall with a decrease of 4.1 per cent.


The most up-to-date figures available show that, during January 2012, the number of completed house sales in England and Wales increased by 13 per cent to 42,511 compared to 37,584 in January 2011.


The number of properties sold in England and Wales for over £1 million in January 2012 decreased by 6 per cent to 467 from 497 in January 2011.


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The Transaction Data shows Land Registry received over 1 million applications from all its customers (account and non-account) in March. This includes 1,094,685 applications by account customers, of which 246,609 were applications in respect of registered land (dealings), 507,354 were applications to obtain an official copy of a register or title plan, 167,602 were searches and 51,015 were transactions for value.


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The Price Paid Data includes details of over 55,000 residential property sales in England and Wales that were lodged for registration in March 2012.

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Source: Land Registry

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