5 November 2014

Land Registry reports a slower market

The September report from the Land Registry showed that the rising of house prices is slowing.  The report for September, released this week, shows that the average price of a house in England and Wales is now £177,299.  This is down by 0.2% on the previous month although up by 7.2% on the same time last year.
The figures for Hampshire are slightly better with the average house price higher at £228,020 with the monthly difference standing at 0.8% and the yearly figure showing an increase of 7.7% from the same point last year.

A positive note from the report showed that repossessions were down compared to the same period last year.  In the months of April to July 2014 repossessions averaged 890 per month across the country compared to 1324 in the same period last year.  On the whole repossessions would appear to be on a downward trend.

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