–UK Apr House Prices Up 0.2% m/m: Up 8.5% y/y Land Reg
LONDON (MNI) – House prices in England and Wales in April posted
their fastest annual rise since September 2007, according to the
Land Registry.
The Land Registry’s House Price Index showed a 0.2% monthly rise
with prices 8.5% on the year. The Land Registry index follows divergent
April surveys by Halifax and Nationwide, which showed a fall of 0.1% on
the month and a rise of 1.0% respectively.
Land Registry highlighted the wide regional discrepancies in house
price inflation with London prices up 1.6% on the month to stand up
14.8% on the year in April, outpacing all other regions.
Lagging data showed a pick-up in housing market activity. In
November to February the number of completed house sales averaged
53,137 per month, up 66% on the year from 32,089.
–London newsroom: 4420 7862 7491; email: drobinson@marketnews.com
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