Land Registry Publishes House Price Index for September 2011

All major banks, estate agencies and governmental organisations released reports on UK house prices in the end of October. One of the most reliable reports is the one by the Land Registry.

The figures published by Land Registry on Friday, October 28th suggest that house prices in England and Wales fell by 0.3% on a monthly basis, and by 2.6% on the annual basis in September.

The greatest fall in prices was seen in the North East (8.2%), followed by Wales (5.8%).

The average price of a property in England and Wales stood at slightly more than 162,000 pounds last month.

The only region in England and Wales to experience an increase in its average property value over the last 12 months is London with a movement of 2.7 per cent.

The findings of the Land Registry are based on 16 million transactions in the residential property sector.

The detailed House Price Index is available on the official website of Land Registry.