March 28, 2011 | 
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Land Registry annual change in property prices
The Land Registry’s February HPI reported a slight fall in house prices of -0.8%, leaving the average house price at £162,215 and this is the second month we have had a negative yearly HPI figure and the largest fall for some time.
Looking at the graph of house prices since 2006 it does look like we could be in the second dip of a double dip in house prices.
However there is a disparity forming between London, which saw a positive annual house price change, and the rest of England and Wales. London is in it’s own a very different market and can often buck the trend.
A possible positive is that London can sometime be the leader for the rest of the country and could be indicating a small turn or further stabilisation in prices.
Looking further across the regions it is interesting to note that it is however the East and North West that is reporting monthly increases in prices of 1.2% and 0.6% respectively.
For more information on any particular area visit: http://www1.landregistry.gov.uk/assets/library/documents/HPI_Report_Feb_11_x1p5cst.pdf
Do you want to know what 2011 has in store? Download the Just Do Property 2011 Property Market Predictions eBook: http://www.justdoproperty.co.uk/ebooks/expert-predictions-2011-property-2-3835
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Categories: House Price Index |
Tags: February HPI 2011, House, house prices, HPI, Land Registry | 
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