The Land Registry House Price Index for April 2013 shows both a monthly and yearly increase. Monthly the increase is 0.4% and yearly the increase is 0.7%
This places the average house price in April in England and Wales, to be £161,458.
The Land Registry is the most accurate independent house price index available. Using our dataset of completed sales, it is the only index based on repeat sales.
The number of property transactions has decreased over the last year. From November
2011 to February 2012 there was an average of 53,151 sales per month. In the same months a year later, the figure was 51,386.
The picture in London is continuing to be quite different which has hardly seen any downward pressure. The increase in April 2013 for London was actually 1.4%.
This represents a significant increase, indeed the most significant increase, for the year of 6.2% and was considerably higher than any other region with the South East the next best with 1.4%.
Only South West, the East and West Midlands saw a positive increase with 0.3%, 0.7% and 0.5% respectively.
The average price of property in the capital is £375,795 in comparison with the average
for England and Wales of £161,458.