New Land Registry data shows fall in transactions and price rises slowing

New Land Registry data shows fall in transactions and price rises slowing

The number of homes sold over the spring and early summer this year was down on 2014 while house price rises are running at their lowest since November 2013.

Land Registry data, just released, shows an average of 65,550 transactions per month between March and June compared to 73,985 sales a month in the same period last year, says the Land Registry. 

But the Registry's August price data shows an annual price increase of 4.2 per cent which takes the average property in England and Wales to £184,682. 

The regional data indicates that the region with the most significant annual price increase is East Anglia with a rise of 8.4 per cent, although in August alone the biggest increase was in London where - despite rumours of a slowdown - typical prices rose 1.7 per cent. 

The north west has seen the lowest annual price increase of 0.2 per cent but also the most significant monthly price decrease with a fall of 1.4 per cent in August.

Sales and repossessions during June 2015, the most up-to-date figures available, show that the number of completed house sales in England and Wales decreased by 13 per cent to 70,404 compared with 80,823 in June 2014.

The number of properties sold in England and Wales for over £1m decreased by 17 per cent to 1,031 from 1,237 a year earlier.

Meanwhile repossessions in England and Wales decreased by 43 per cent to 498 compared with 868 in June 2014; the region with the greatest fall in the number of repossession sales was London.

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