Liquid error: wrong number of arguments (2 for 1) North Wales Daily Post | Marsh & Parsons Sales and Lettings Estate Agents London

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North Wales Daily Post

Thu 03 Jan 2013

Only Anglesey and Flintshire see rises.

Wales had a bigger monthly house price fall in November than any English region, with a 1.6% drop taking average prices to 115, 202, Land Registry figures showed.Prices were 0.9% lower in Wales than a year ago.The biggest falls were in Conwy and Wrexham.

Prices in Conwy dropped by 4.3% to 129, 882 compared to a year ago with Wrexham down by 4.2% to 145, 002, Cerefigion down 1.2% to 159, 358, Denbighshire down 1.1% to 114, 125, and Gwynedd down 0.5% to 135, 900.

In comparison, prices were up on Anglesey by 4.4% to 133, 823 and Flintshire 1.9% to 126, 299.

House prices overall in the UK increaased by 0.3% month-on-month in November to reach 161, 490 across England and Wales, pushing them 0.9% higher than a year earlier, the Land Registry said.

But sales were more sluggish, with 57,971 transactions taking place between June and September 2012 representing a drop of around 7% on the same period in 2011.

There have been conflicting predictions for house prices this year, with some studies forecasting slight increases, some saying prices will edge lower, and others predicting they will be boradly flat.

London recroded the strongest year-on-year house price increase in November, with a 5.9% rise taking typical prices to 362,592.

Distractions such as the Olympics were blamed for disrupting the housing market last summer.

Dafydd Hardy estate agent director Richard Thomas said: "This is an example of a slow market in a slow recovery. Conwy, for example includes Colwyn Bay and Llandudno and has a lot of flats which are more difficult to get good prices for than houses.

"The housing market at the end of the year was much beter than we expected.

"There were lots of events on over the summer such as the Olympics but there is much more confidence now than there has been for a while.

"If a house has been priced competitively for the market there is a good chance of it selling. There is a feeling that more people are now buying."

Dafydd Hardy added: "The Land Registry Figures have not yet recorded sales for September and October which will hopefully show a different picture.

"The market for the first six months of the year were not good but improved over June, July and August and definitely by September and October with a dip in November in the run-up to Christmas. The number of transactions are up. I think this year will be similar to last year but hopefully better."

Peter Rollings, of estate agent Marsh & Parsons, described last year's housing market as 'topsy-turvy'.

A multi-bilion pound Government scheme in August to kick-start lending saw the strongest competition aimed at people with larger deposits and would-be buyers still facing the hurdle of meeting lenders' toughened borrowing criteria in a difficult economy.

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