Looking for a sell house quickly specialist? You may be when you hear that average property prices in England and Wales fell by 3.2 per cent in the 12 months to October, according to the latest data from the Land Registry.
The average property value in England and Wales was £159,999 in October, a fall of 0.9 per cent from September.
London was the only area in which prices increased over the last year, rising 0.3 per cent.
The north east saw the greatest annual fall, crashing down by 7.2 per cent.
Lucy Pendleton, managing director of London-based estate agents James Pendleton, warned market and consumer sentiment have weakened “quite dramatically” since the summer.
“Unlike other areas, specifically the north and Wales, London is at least in positive territory on an annual basis. But the market has caught up with it,” she added.
December 9, 2011 at 8:00 am | Uncategorized |
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