According to the Land Registry, house prices in July have risen by 1.3%. This has taken the annual fall in prices to only 2.1% as well as taking the average price of properties in England and Wales to £163,049.
The results of the survey found that the south-west experienced the greatest monthly rise with an increase of 2.2%. Where as the north-east experienced both the greatest annual price fall with a decrease of 8.8%, and the most significant monthly price fall at -2.3%.
London was the only region in England and Wales to experience an increase in its average property value over the past 12 months with a rise of 1.3%.
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