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 ...