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.
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