Fastest fall in house prices for 16 months

first_img Fastest fall in house prices for 16 months whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusBrilliant TravelerNever Take A Stone That Has Been Placed On A Grave! Here’s WhyBrilliant TravelerMoneyPailShe Was Famous, Now She Works In {State}MoneyPailZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldBridesBlushHarry Potter Star Is Probably The Prettiest Woman In The WorldBridesBlushCleverstTattoo Fails (:12 May Never Be Employed).CleverstTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastStuff AnsweredBest Meal Delivery for SeniorsStuff Answered HOUSE prices across England and Wales were 1.7 per cent lower in February than a year earlier, official data showed yesterday.The fall was the steepest annual drop for 16 months, according to the Land Registry. However, London bucked the trend, with a 3.2 per cent increase on the previous year.As well as London, the east of England recorded an annual rise in prices, by one per cent. In every other region, prices were down on the year.The largest declines were recorded in the north east and the west midlands, where prices plummeted by 7.1 per cent and 5.4 per cent respectively.Despite the annualised increase in prices, even London experienced a decline in February when compared to the previous month. Month-on-month prices slipped by half a per cent in the capital, while across the whole of England and Wales, February’s house prices dropped 0.8 per cent, compared to January – the fifth time in the last six months that prices have regressed.“And in January, the month when prices did not fall, there was a relatively modest 0.4 per cent rise,” said Howard Archer of IHS Global Insight. “The return to falling prices is fully consistent with our view that house prices will continue to trend down in 2011,” Archer added.The average house price in England and Wales is now £162,215, the Land Registry said. However, in London prices are over twice as high, averaging £341,048.The overall number of sales edged up slightly last year across England and Wales, yet dropped in the final months of 2010, the data showed.Compared to 2009, sales were up 5.7 per cent, to 649,957 – however, the number of sales was down in every month from September to December, compared to the same months in 2009. KCS-content center_img Monday 28 March 2011 8:09 pm whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *