Liquid error: wrong number of arguments (2 for 1) Land Registry says house prices continue to rise | Marsh & Parsons Sales and Lettings Estate Agents London

Blogs, Press & Media

Land Registry says house prices continue to rise

Wed 01 Jan 2014

House prices rose by 3.2% in the year to the end of November across England and Wales, but were up 10.6% in London, the Land Registry has said. There was a wide range of annual price changes across the various regions, with the North East of England seeing a fall of 1.6%, the figures show. The Land Registry said that the average home went up in value by 0.1% in November compared with October.That meant the average home was valued at 165,411.The biggest gain in value annually after London was in the South East of England, where prices rose by 3.5%. Terraced homes showed the biggest annual increase in prices, by 3.9% on average, with semi-detached properties showing the slowest increase, up 2.5%. 'Distortion' Activity in the UK housing market has been picking up pace over the year, with sales and prices on the increase.

However, many measures consider both still to be well below the levels seen during the housing boom of the last decade. The latest figures from the Office for National Statistics (ONS) also suggested that prices in London were growing more rapidly than the national average in the year to the end of October. "Overall it is the London property market which is really blazing the trail," said Peter Rollings, chief executive of estate agent Marsh and Parsons. "In exclusive prime London postcodes, the combination of low supply and fierce demand is distorting prices even further." The Land Registry data includes houses bought for cash, as well as those purchased with mortgages.

Contact our office

Close

Contact our Lettings team

Close

Contact our Selling team

Close

Contact our About us team

Close

Contact our Corporate Services team

Close

Contact our International team

Close

Contact our Land and New Homes team

Close

Contact our Professional Valuations team

Close

Contact our Professional Services team

Close

Contact our Property Management team

Close

Contact our Riverside Properties team

Close

Contact our Career team

Close

Contact our office

Close

Request a viewing

Close

 

Close

Share this with a friend

Close