Housing & mortgage round up: House prices creep up, house sales rise but mortgage approvals slump

Housing & mortgage round upWe knew the absence of house price surveys wouldn’t last long and this week sees the Land Registry release their latest house price data, whilst we also get figures showing mortgage approvals have slumped, despite a rise in the number of house sales during the first half of the year. Land Registry: House prices creep up in May The latest figures from the Land Registry show that house prices rose by just 0.1% in June compared to ...

Housing: House prices rise in May

The latest house prices survey, this time from the Land Registry, has shown that house prices rose in May by 0.5%. May’s increase takes the annual rise to 0.4% according to the Land Registry, which is often seen as the most accurate of all house price surveys. The average home in England & Wales is now worth £161,677. Regional differences The latest figures from the Land Registry reveal marked regional differences with London seeing a sharp rise in house prices over the past year, whilst six areas saw falls. The table (below) shows how your region fared during the past year. Region Annual ...