LONDON (SHARECAST) - House prices in England and Wales increased by 0.1% between May and June, although there were large regional differences, with prices up 2.9% over the Welsh border.
The average price of a home now stands at £166,072, according to the latest Land Registry figures, but a 1.3% decline in the North East means you can pick one up there for less than £108,000.
It will set you back a bit more in London - over £338,000 - up 0.5% from May, although the prosperous South East was hit by a 0.9% decline month-on-month.
An annual price increase of 8.4% was the eight consecutive year-on-year improvement and means a home now costs about what it did in the summer of 2006.
The capital tops the league with prices up 12.2% on this time last year, led by a 20.3% jump in Kensington & Chelsea.
Remember, the Land Registry provides lagging evidence on house prices as sums are based on when transactions are completed. It also only includes properties that have been sold more than once.
The most up-to-date figures available also show that the number of completed house sales in England and Wales leapt 26% in April, up from 39,280 in April 2009 to 49,323 this year.
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