The latest report from the Land Registry covers the month of September. The main headlines show that:
· The average price of a property in England was £234,250
· The annual price change of a property in England was 8.3%
· The average monthly price change of a property in England was 0.2%
Our area of Test Valley however has performed above the average though. In September 2015 the average price of a property was £282,766 whereas now it stands at £313,320, a very healthy increase of 10.8%. A first time buyer is currently paying an average of £198,630 for their first home.
Repossessions in the South are still amounts some of the lowest levels in the country with a total of 31 homes being repossessed during the month of July, the most recent figures available.