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Sales Volumes Drop Across England and Wales
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Sales Volumes Drop Across England and Wales
Sales volumes dropped significantly in the first four months of this year.
They averaged 57,918 a month, down from 66,949 per month in the same period in 2014.
In April, sales fell in England and Wales by 19%, at 57,180 compared to 70,244 the previous year.
Sales in London suffered even more, with transactions down 26% in April, at 7,001 from 9,491 in April 2014.
The average house price in England and Wales was £181,619 in June, according to Land Registry.
This is 1.1% higher than in May and up 5.4% on June 2014.
In London, prices rose by 1.8% over the month and 9.2% annually, with an average price of £481,820.
Recent Land Registry data reveals that annually, every region recorded house price increases, but on a monthly basis, some regions saw prices drop by between 0.2% and 0.9%, including the West Midlands, the East of England and Yorkshire & the Humber.
