The average property price in England and Wales increased 0.9 per cent between August and September, according to the Land Registry.

Using data based on property sales that were completed during the course of the month, the organisation indicated that the typical house price was £158,377.

Private landlords looking to add to their portfolios may be interested in the geographical breakdown of bricks and mortar values.

In a statement, the Land Registry noted: "London experienced the greatest monthly price rise with a movement of 1.3 per cent. The average property price in the capital is now £314,954."

However, all regions have shown a decrease in property value when prices are compared to figures from September 2008.

The north-east of England was the region that recorded the most significant year-on-year price fall with a movement of -8.2 per cent.

Nationwide Building Society and Halifax have both reported this month that the average UK home was worth over £160,000 in September, although these figures are generated using different measures to the Land Registry.

Written by John Weeks
ADNFCR-2002-ID-19431572-ADNFCR

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