Land Registry UK property data highlights for June '19

On average, the UK house prices have risen by 0.7% since May 2019, and there has been an annual price rise of 0.9%. Transaction data shows that the number of sales transactions is 16.5% lower compared with a year ago. Between May ’19 and June ’19, transactions decreased by 9.7%.

Land Registry data for England

In England, house prices have risen on average by 0.7% since May 2019. The annual price rise of 0.7% takes the average property value to £246,728.

• the North East experienced the greatest monthly price rise, up by 1.7%

• the South West saw the most significant monthly price fall, down by 0.4%

• the East Midlands experienced the greatest annual price rise, up by 3.2%

• London saw the largest annual price fall, down by 2.7%

Although on average, London house prices managed to rise by 0.7% since May 2019, the annual price fall down by 2.7%. Flats and maisonettes’ prices are the fastest falling at -4.3% since May 2019.The average London property value in June 2019 is £466,824.

The average price of a new build London property in June was £484.341, whilst the existing resold property for the same month was £468,699.

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CLICK HERE to see the full UK House Price Index for June 2019 by HM Land Registry