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Property price rises noted by Land Registry

Property price rises noted by Land Registry
The value of homes around the UK rose in November, new figures have revealed.

According to the Land Registry, houses and flats sold for an average of 0.9 per cent more during the 30-day period then they did in October.

Its most recent House Price Index showed that the typical price of a property stood at £161,554.

Wales was identified as the area that experienced the most significant monthly increase in values, showing a rise of 2.9 per cent.

November was the sixth month in a row in which property prices went up and it pulled the annual house price change up to -0.3 per cent.

Despite increases in the value of properties, however, the Land Registry pointed out that transaction volumes remain relatively low.

Also releasing home value data recently, Halifax showed that West London has the highest average property value of any area in England and Wales, with residences there typically costing around £5,401,447.