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House prices in England and Wales climbed 7.71% year-on-year in the second quarter, according to the latest figures from the Land Registry.
The increases take the average home in England and Wales to £199,184, almost through the £200K mark.
The number of houses sold jumped by almost a quarter to 268,430 in the three months to June compared with the same period in 2005.
Today’s figures show that annual house price inflation was at its highest, at more than 11%, in the north and north-west of England while London saw prices rise by more than 8%.
The lowest increases were seen in East Anglia (4%) and in the East Midlands (4.4%), but this is still ahead of both general price inflation and rises in average earnings.
Overall, the Land Registry report indicated that prices have risen in all parts of England and Wales during spring and summer.
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Average house prices by region |
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Region |
Apr-Jun
2005 |
Apr-Jun
2006 |
% Increase |
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North |
£124,055 |
£137,861 |
11.13 |
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North West |
£132,015 |
£146,601 |
11.05 |
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Yorks |
£133,692 |
£147,230 |
10.13 |
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Greater London |
£293,349 |
£317,679 |
8.29 |
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Wales |
£138,329 |
£149,063 |
7.76 |
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West Midlands |
£155,115 |
£164,576 |
6.10 |
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South East |
£223,373 |
£236,915 |
6.06 |
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South West |
£195,496 |
£205,768 |
5.25 |
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East Midlands |
£149,683 |
£156,243 |
4.38 |
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East Anglia |
£174,929 |
£181,925 |
4.00 |
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Source: Land Registry |
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