JANUARY KEY AcadHPI STATISTICS |
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Index 218.9 |
Average House Price £215,016 |
Monthly Change 0.7% |
Annual Change 5.4% |
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| MAIN POINTS |
- House prices in January rose by 0.7%
The average price of all residential property transactions completed in England & Wales in January 2010 was 0.7% higher than in December. This is the ninth month in succession in which AcadHPI has increased on a monthly basis.
- Annual price increase is 5.4%
On an annual basis, in January, the average price of all residential property transactions in England & Wales was 5.4% higher than a year ago - a significant market recovery. It is the third consecutive month in which the annual rate of change in house prices is positive.
- December transactions are the highest for two years, helped by the stamp duty holiday
This was a strong end to 2009 which had seen the lowest number of annual housing transactions in England and Wales since the Land Registry began computerising its records in 1995. The market in December was assisted by an increase in the sale of properties valued below £175,000, with purchasers seeking to take advantage of the stamp duty holiday which ended on 31 December 2009.
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