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The average price of a [...].

The average price of a property in the West Midlands is pounds 131,075 according to the findings in the latest Land Registry's flagship House Price Index.

The September data shows a rising market with a monthly house price change of 0.9 per cent up from half a per cent in August. The annual drop of 5.6 per cent, up from a low of minus 16.3 per cent in February, takes the average house price in England and Wales to pounds 158,377.

London experienced the greatest monthly price rise with a movement of 1.3 per cent. The average property price in the capital is now pounds 314,954. In the meantime all regions experienced a decrease in their average property values over the last 12 months - in the West Midlands the fall was -7.4 per cent.

The Land Registry's most up-to-date figures show that during July 2009 the number of completed house sales in England and Wales rose by 9 per cent to 57,579 from 52,628 in July 2008. Monthly sales in England and Wales have risen steadily each month since January 2009 when they stood at 26,662.
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Title Annotation:Features
Publication:The Birmingham Post (England)
Geographic Code:4EUUK
Date:Nov 6, 2009
Words:197
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