According to the latest Land Registry House Price Data, UK house prices increased by 2.2% in the year to November 2019, up from 1.3% in October 2019.
House price growth was strongest in Wales where prices increased by 7.8% over the year. Wales has experienced record annual growth to November 2019.
The lowest annual growth was in East of England, where prices fell by 0.7% over the year to November 2019, followed by London where prices increased by 0.2% over the year.
Wales shows, on average, house prices have risen by 3.5% since October 2019. An annual price rise of 7.8% takes the average property value to £172,574.
The average price for a property in Wales was £172,574, up from £160,158. Detached properties rose by 7.3% to an average of £241,953; semi-detached by 8.4% to an average of £167,517, terraced houses by 7.6% to an average of £124,216 and flats up 7.8% to an average of £172,574.
In England the November data shows, on average, house prices have risen by 0.3% since October 2019. The annual price rise of 1.7% takes the average property value to £251,222.
The regional data for England indicates that:
• the West Midlands experienced the greatest monthly price rise, up by 1.7%
• Yorkshire and The Humber saw the most significant monthly price fall, down by 1%
• the West Midlands experienced the greatest annual price rise, up by 4%
• East of England saw the largest annual price fall, down by 0.7%
London shows, on average, house prices have fallen by 0.5% since October 2019. An annual price rise of 0.2% takes the average property value to £475,458.
If you are looking to move to West Wales or buy a property in Pembrokeshire, Carmarthenshire or Ceredigion, give West Wales Property Finders a call on 01834 862816. We can find your perfect property for you whilst saving you time, stress and often money too. Many of the properties we find for our clients never hit the open market, ensuring they get the pick of the crop http://www.westwalespropertyfinders.co.uk
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