House prices rose in January for the first time in five months, according to Land Registry data published this morning.
The rise of just 0.2% takes the average price of a property in England and Wales to £163,177.
Despite this small monthly increase, prices have fallen on an annual basis by 0.9%, the first such decrease in the annual rate of change since October 2009.
The number of transactions has fallen over the last 12 months from an average of 60,898 sales per month in August to November 2009 to 57,244 in the same months of last year.
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Comments
chirpy chirpy cheep cheep!!
Completions in January , So we know that 'sales agreed prices ' in October were 0.2% higher, than september. completion Transaction levels in November, so we know that sales agreed in August were lower than those in july. This is ancient history, can't land reg bring their transaction numbers more up to date?.
Up 0.2% MoM -0.9% YoY
Average price in England & Wales now £163,177
Looks like the seasonal adjusting has struck again, since the previous figure was £163,814