Homes sold at 1m go up 60%
Wed 01 Jan 2014
More than a thousand homes in England and Wales sold for more than 1million in September - a 60 per cent rise on the previous year according to offical figures.
The land registry recorded 1,020 properties sold at over 1million compared with 639 in the same month in 2012.
In some exclusive areas of London, more than half of all the homes sold went to buyers paying a six figure sum.
But in Hardlepool homes have suffered the biggest annual fall in prices - down 9.9 per cent to an average of 71,749. A few miles away in Middlesbrough prices are down by 6.1 per cent overthe year.
Nationally, rising prices on the back of a shortage of supply pushed theaverage house price to 165,411 in November - a hike of over 5000 in 12 months.
Peter Rollings of estate agents Marsh & Parsons, said: "The year certainly ends on a high with house prices continuing their steady ascent."