House prices rise for third month, and most in five years

All regions in England and Wales showed gains for average house prices in July, according to the latest figures from Land Registry.

• Average house prices in England and Wales rose 1.7% in July, the strongest monthly growth since July 2004.
• The average annual annual drop fell to 11.7%, taking the average house price to £155,885.
• Wales had the greatest monthly rise, with the average property gaining 3.1% to £123,122.
• Year-over-year, the region with the biggest percentage decline was the North East, with a drop in average price to 13.2% to £109,776.
• Luton suffered the greatest annual price fall with a drop of 22.5%.

Data: Land Registry

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