DECEMBER KEY FTHPI STATISTICS |
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Index 218.2 |
Average House Price £214,283 |
Monthly Change 0.8% |
Annual Change 4.2% |
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| MAIN POINTS |
- House prices in December rose by 0.8%
The average price of all residential property transactions completed in England & Wales in December 2009 was 0.8% higher than in November. This is the eighth month in succession in which FTHPI has increased, although the rate is slowing.
- Prices end the year 4.2% higher
On an annual basis, in December, the average price of all residential property transactions in England & Wales was 4.2% higher than a year ago - a significant market recovery. It was the second consecutive month in which the annual rate of change in house prices was positive.
- November housing transactions lower than previous month
In November 2009, the number of houses sold in England and Wales will total approximately 58,000. This is a reduction of almost 40% on the 10 year average for the month of c.95,000.
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