MAY KEY FTHPI STATISTICS |
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Index 200.7 |
Average House Price £197,145 |
Monthly Change -0.7% |
Annual Change -14.1% |
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| MAIN POINTS |
- House prices in May fell by 0.7%
The average price of all property transactions completed in England & Wales in May 2009 was 0.7% lower than in April. This is the fifteenth consecutive month in which prices have fallen, but it is also the fifth month in succession where the rate of decline has been below 1.0%.
- Prices are now 14.1% lower than a year ago
On an annual basis, the average price of all completed transactions in England and Wales is now 14.1% lower than a year ago. All ten regions in England and Wales are showing prices falling on an annual and monthly basis.
- London has fallen into line
London's prices have been falling rapidly in recent months and the annual fall in May is only exceeded by the South West, East Anglia and the South East.
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