June house prices up 0.1 per cent since May

The June data from Land Registry's flagship House Price Index shows an annual price increase of 8.4 per cent.

This is the eighth month in a row in which the annual figure has been positive and takes the average property value in England and Wales to £166,072.  The monthly change from May to June is an increase of 0.1 per cent.

House prices are now around the same levels as they were in the summer of 2006.

All regions in England and Wales experienced increases in their average property values over the last 12 months. The region with the highest annual price change is London with an increase of 12.2 per cent. The region with the smallest annual price rise is the North East with a movement of 0.7 per cent.

Wales experienced the greatest monthly rise with a movement of 2.9 per cent. The North East region experienced the most significant monthly price fall with a movement of -1.3 per cent.

The most up-to-date figures available show that during April 2010, the number of completed house sales in England and Wales rose by 26 per cent to 49,323 from 39,280 in April 2009.