House prices edged up by 0.6% between May and June, official government figures claim.
The CLG house price survey for June said the average selling price of a UK home was £204,981.
The survey did not explain why its ‘official’ price is so much higher than the Government’s other ‘official’ price, provided by the Land Registry.
For June, the Land Registry put the average house price in England and Wales at £161,479.
The CLG index, which bases its findings on a mixture of information including the Land Registry, said that despite the monthly rise, house prices were down on the year: in England by 1.8%; in Wales by 5.6%; in Scotland by 2.3%; and in Northern Ireland by 8.1%.
London, which at £340,664 has the highest average house price in the UK, was the only region in England to report a rise in prices over the year, according to CLG, registering an increase of 1.5%. In England, the North West had the largest decrease in prices, down 5.1%.
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Comments
Well, Mr Wadsworth - I am sure that it is expected for all HPCers to 'safely ignore' ANYONE and ANYTHING that weakens your cause, so I am sure that the DCLG will not take this news too much to heart...
Actually, there are two govt departments which collate hosue price info as a matter of course - that's HM Land Registry and also the Stamp Duty Land Tax department of HM Revenue & Customs.
Both of these departments show typical/average/median price of about £160,000, which is in line with Halifax & Nationwide, so I think we can safely ignore DCLG.
Lunacy