The Land Registry's house price index shows an annual price increase of 7.7 per cent which takes the average property value in England and Wales to £177,377 - but with rises dwindling in recent weeks.
House prices are up only 0.1 per cent since September. The region which experienced the greatest increase in its average property value over the last 12 months is of course London with a rise of 18.6 per cent. The east of England, however, experienced the greatest monthly rise in September with a movement of 1.6 per cent.
Wales saw the lowest annual price growth with a spike of 2.0 per cent and the north east saw the most significant monthly price fall of 2.7 per cent.
The most up-to-date figures available show that during August 2014 the number of completed house sales in England and Wales increased four per cent to 82,415 compared with 79,587 in August 2013.
The number of properties sold in England and Wales at over £1 million in August increased 15 per cent to 1,363 from 1,185 in August 2013.
Repossession volumes decreased by 42 per cent in August 2014 to 751 compared with 1,301 in August 2013. The region with the greatest fall in repossessions in August this year was London.
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