House prices increase

House prices increase

The latest Land Registry’s House Price Index showed that annual prices increased by 0.7 per cent.

The April Index showed increases taking the average property value in England and Wales to £161,458.

The monthly change from March to April shows an increase of 0.4 per cent.

The Land Registry also released figures for those organisations that hold accounts with them, showing their activity for April 2013.

Information relating to applications for transfers for value (i.e. an approximation of purchase activity) shows a substantial year on year increase in the number of applications.

In April 2012, 43238 applications were made for transfers for value whilst in the same period for 2013 a total of 54064 applications were lodged.

There was no change at the top with myhomemove, Countrywide and O-Neill holding steady as the top three.

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