Awaiting Image

Land Registry: August property prices continue to climb

The cost of a property investment in the UK has risen between July and August, according to recent figures from the Land Registry.

It reported a 0.1% increase during the month, representing an annual growth of 1.3% from August 2012.

In July, house prices rose by 1% from June; however, its annual increase was lower at 0.8%.

Recent August 2013 figures take the average house price in England and Wales to £164,654, climbing from £162,602 last August.

Last month, the cost of a detached property averaged at £258,502, with semi-detached homes costing £155,800, terraced properties coming in at £124,580 and flats/maisonettes typically selling for £155,982.

According to the Land Registry, the north-west showed the greatest promise with regards to house price movements, having experienced a monthly increase of 1.3%, which took the typical property value in the region to £109,210.

Following the north-west was London with a 1.2% price increase, then Yorkshire & The Humber, which saw real estate values grow by 1.1% between July and August.

Subscribe to our newsletter

Please enter your name and email address

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Select Property Group in relation to its property investment brands.

There was an error with your subscription. Please try again.
Thank you for subscribing. You will now be fully informed of all investment property news and insights.