Latest figures from the Land Registry make for interesting reading; in this article we take a look at what the figures mean for house buyers and sellers in the UK.
On the Up
There is good
news for house prices! Since the December 2019 election, prices have increased
throughout the UK – mainly due to a more settled economic set up – for the
first time in 24 months. These Land Registry prices equate to an increase of 2.2
per cent during election month, an increase of 1.7 per cent on the previous
month. Indeed, December’s price increase was the first month this had happened
since February 2018.
Facts and Figures
Property experts – including conveyancing solicitors London – are now seeing house prices £5000 higher than in December 2018, with the average price confirmed as £235,000. This figure can be broken down as follows: £252,000 in England, …