The average property price in England and Wales reached £179,817
in April, according to the Land Registry.
The latest data shows that the average price has almost climbed
back to the pre-recession peak of £181,014, which was recorded in November
Prices increased 0.9 per cent between March and April, the Land
Registry says, with the annual price increase now reaching 5.1 per cent.
Regionally, the best monthly figure was recorded in Yorkshire
and The Humber, where prices increased by 2.7 per cent.
The capital recorded the highest price growth in the past 12
months, rising by 10.9 per cent.
The Land Registry reports that there were 54,103 house sales
completed during April. This represents a 17 per cent fall compared with
February last year, when 64,994 sales were recorded.
Jackson-Stops & Staff says that the monthly bounce
experienced in Yorkshire and The Humber is a direct reflection of increased
longer-term confidence among buyers and investors due to increased government
“Increased investment in Yorkshire, Humberside and the evolution
of the Northern Powerhouse in Manchester has contributed to a surge in
confidence in these areas. Greater Manchester is shaping up to be a great place
to invest as major London companies continue to establish a presence in the
City,” says Nick Leeming, chairman of the high-end agency.
Graham Davidson, of investment firm Sequre, has also noticed an
upsurge in confidence and demand in the north of England.
“The Humber region, Chester, Wakefield and Sheffield are also
all performing well for our investors,” he says.
The Land Registry’s full dataset can be accessed here.